Hello Everyone as you can see here we have made two lines at the top and two lines at the bottom of the same height and you can see how it worked very well and told you very early that where it could be down and have to be cautious but it doesn't mean that everytime you find something like this you should be cautious at there and ready to exit and take the profit. Hope you get something new to learn if than pls like and follow us thanks bye.
IMHV double top or bottom has no significant meaning as long as stock is below vital MA's. Of course today the stock has given b/o on the back of good news on Poonawala monetising affordable HL portfolio at attractive valuation & digital tech lab launched by PEL in B-lore with 300 Engineers.
MAYANKTECHRESEARCHING
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ok man☺
tradeview-1234
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Possible price can find support at 835 again
MAYANKTECHRESEARCHING
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@tradeview-1234, Could be at the low of the previuos down wave of june and july
tradeview-1234
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Price can drop down to 800 levels again that means?
MAYANKTECHRESEARCHING
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@tradeview-1234, probably because when it came down it came to 1st lower trendline then it came to the 2nd lower trendline so probaly it can get down to 800 or even low althrough everything is not 100 % working in the market we work on probabilities.