NRL | Bullish Breakout from Inverse Head & Shoulders

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NRL | Bullish Breakout from Inverse Head & ShouldersNATIONAL REFINERY LTDPSX_DLY:NRLmbaberhanifNRL shows a strong breakout above the neckline resistance of an inverse head and shoulders pattern, confirming a bullish reversal structure. Price has surged with momentum and may now attempt a healthy retest of the neckline around the 277–280 zone, which if sustained as support, will further strengthen the bullish outlook. A successful bounce from this level could open the way towards the first target at 310.26, followed by an extended move toward 351.95, aligning with Fibonacci projections. This retest phase will be crucial to confirm trend continuation and attract new buying interest.