Inverted H&S break out

Inverted H&S pattern formation-Analysis with Moving averages

Using 21EMA,47SMA,200SMA in 15mints charts,

H& S need to made four tops in neck line formation.

21EMA,47SMA lines could be below 200SMA line during first top in neck line formation
21EMA,47SMA lines could be divergence with 200SMA line during second top in neck line formation
21EMA,47SMA lines could be above the 200SMA lines during third & fourth top in neck line formation
21EMA,47SMA lines are below 200SMA line during First shoulder and Head points but 21EMA,47SMA lines are above the 200SMA line during second shoulder formation

Inverted head & shoulder pattern in nifty 15mints chart

Pattren neck line 4930 area if NF breaks out with volume,tharget is 5190-5200 levlel