1. from 4th May to 6th Sept traded in a parallel channel, In 2nd week of September it gives Break-Out and goes up to 542.
2. Now, in starting of 2nd week of November, Bears took control and by providing huge Supply they have been able to get down the stock price till 443.
3. Between 20'Dec'21 ~ 27'Dec'21, was considered as accumulation (where volumes increases but price moves in a small range) period. After that, again a big rally up to 549 can be seen.
4. 31st Jan'22 ~ 11th Feb'22, Distribution Phase (where seller maintain higher prices until the shares are sold) and stock drops down to 457.
5. In between, a BOOKISH DOJI is formed which shows complete confusion.
6. Change in Polarity: Once what was a RESISTANCE before, is now working as a SUPPORT.
7.DOUBLE TOP : if support gets break, targets for double top is equals to size of Pattern formed, i.e. 410/404.
8. If stock able to sustain close to the support & Fresh demand comes, then the stock will move to the bullish side.
2. Now, in starting of 2nd week of November, Bears took control and by providing huge Supply they have been able to get down the stock price till 443.
3. Between 20'Dec'21 ~ 27'Dec'21, was considered as accumulation (where volumes increases but price moves in a small range) period. After that, again a big rally up to 549 can be seen.
4. 31st Jan'22 ~ 11th Feb'22, Distribution Phase (where seller maintain higher prices until the shares are sold) and stock drops down to 457.
5. In between, a BOOKISH DOJI is formed which shows complete confusion.
6. Change in Polarity: Once what was a RESISTANCE before, is now working as a SUPPORT.
7.DOUBLE TOP : if support gets break, targets for double top is equals to size of Pattern formed, i.e. 410/404.
8. If stock able to sustain close to the support & Fresh demand comes, then the stock will move to the bullish side.