Appreciating Technical Analysis 🔍💹 Great job on analyzing the market using technical analysis! 👏👏👏 Here are my thoughts on the analysis:
Chart Pattern 📈 The inverse head and shoulder pattern is a reliable bullish pattern that indicates a potential trend reversal. Seeing this pattern on the daily chart is a positive sign. 🚀📈
RSI 📊 RSI being above 50 suggests bullish momentum in the market. This is a good indicator that the market is trending upwards. 📈📈📈
Moving Averages 📉📈 The fact that the price is above both the 20-day moving average and the 200-day moving average is a good sign. This shows that the trend is bullish and has potential to continue. 📈📈📈
Expected Target 🎯 The expected target of 990-1000 is a positive sign that the market is trending upwards. This shows that there is potential for good returns on investment. 💰💰💰
Overall, your technical analysis is thorough and provides valuable insights into the market. Keep up the great work! 👍
DevabratAcharya
⋅
@Kapil-Mittal, Thank you so much for taking the time to expand on my points. I really appreciate it.
leodetnt
⋅
Superb Analysis!
peace_lover
⋅
good catch bro, u are a very sharp technical analyst
This publication has been chosen for the Editor's Picks and will feature on the page in.tradingview.com/ideas/editors-picks/.
Thank you for your valuable contribution to the TradingView community and keep up the good work!