Anthem Biosciences Ltd – Inverse H&S Reversal Setup

📊 Anthem Biosciences Ltd – Inverse H&S Reversal Setup

CMP: 717
Trigger: Sustained above 701 (trendline breakout)

Targets: 761 / 808 / 873
SL: 648 (strict)

🧠 Setup Logic:
Fall: 873 → 579 → now reversal structure
Inverse Head & Shoulder breakout
Trendline breakout: 701
Sustaining above 38.2% Fibonacci

👉 Conclusion: Pre-emptive reversal (early breakout stage)

🎯 Trade Plan:
Entry: Above 701 (avoid fake breakout)
Confirmation:
✔ Sustaining above breakout level
✔ Volume support preferred
⚠️ Clarification:

Independent analysis. No part of Religare involved.

📝 Important:

Not responsible for profit/loss. No fees involved.

📉 Disclaimer:

Not SEBI-registered. Do your own research.