techtrail
Long

Kajaria Ceramics: Nice Action-Reaction Line

NSE:KAJARIACER   KAJARIA CERAMICS
After a sharp fall, price has stabilised and tried to recover some lost ground. The close above the 200-dma             is a positive sign too.

The red lines represent Action-Reaction lines. Andrews Pitchfork is a subset of these Action-Reaction lines.

Price could rally to the upper red line at 680-ish.
Comment: Nice move since the previous update. Price is closer to the upper red line or the reaction line. Let's see how price behaves at that line.
Comment: Price hits the upper red line or the reaction line. This is not unusual and happens quite often. That is the power of properly drawn Action-Reaction lines
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