Angel One Weekly - Already correcting for a longer down target
Angel One Weekly - Already correcting for a longer down target
Angel one has been correcting from Jan 24 till today, correcting nearly 1850 .
During last 58 weeks, it has corrected nearly 1850 points, i.e. 32 points per week. So around 1 percent of maximum stock value per week correction.
The recent correction from 3400ish , is expected to move till 1500ish value. There is a range of target which is marked on chart. It is around 1.27 extension as marked on chart.
On a weekly basis, on a short term, market may look positive as we see a rare complex correction which looks like a triangle. So the positive movement should be less, which are marked on chart. (We can analyze it on lower time frame as another post. )
Angel one has been correcting from Jan 24 till today, correcting nearly 1850 .
During last 58 weeks, it has corrected nearly 1850 points, i.e. 32 points per week. So around 1 percent of maximum stock value per week correction.
The recent correction from 3400ish , is expected to move till 1500ish value. There is a range of target which is marked on chart. It is around 1.27 extension as marked on chart.
On a weekly basis, on a short term, market may look positive as we see a rare complex correction which looks like a triangle. So the positive movement should be less, which are marked on chart. (We can analyze it on lower time frame as another post. )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.