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mahhisingh
Aug 27, 2022 6:48 AM

2007 High going to break ? Long

ROYAL ORCHID HOTELNSE

Description


*** This is a monthly time frame analysis so this will be used for medium term swing trade.

***All time high was made in 2007 , was 250-260 precisely 261 and it never broken till now.

*** There is lower high formation as indicated in chart.

*** This time , it is a 2nd attempt .

***As per price action , it should make one more lower high & a little consolidation near ATH then give a perfect breakout(sustinable high probability)

***If it give breakout without it , breakout may fail & fall under the *ATH ZONE* .

*** Happy Trading***
Comments
krajasekhar1
we have to wait till 2026 to get profit?
mahhisingh
@krajasekhar1, no bro, it should take 1-2 months to break because market is bullish on higher time frame( nifty near deewali 19K)
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