SMCPL Inverse Head & Shoulders forming — 1 Hour chart signal

SMCPL has completed an inverse head & shoulders on the hourly chart with the head at 36.55 and the neckline at 42.97.

The pattern is confirmed by a hourly close above 43.09. The measured move from the neckline points to 49.47 (+15.1%). A close beyond the head at 36.55 cancels it.

Structure: bullish external, bullish internal (strong low 37.44). Nearest demand OB 34.72 - 35.98, supply OB 44.10 - 47.00.