please see the round eclipse where i have spotted and notice the primary trend of the market is still intact and now price is near its breakout to upside now, if price tests around 439 to 435, donot sell furthur , we may expect bounce, only if it breaks this strong area then only there will be chaces of going down furthur. so be careful in this area.
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see the steroids on this stock
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shiv2798
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There is difference between Long term primary trend and short term Primary Trend , Any Analysis have to be confirmed by Drop down basis, That is 1st Monthly you will know weather the trend is intact or Facing Seller area , Second You have to look in Weekly , Third You have to do Daily , In all these three you will get one conclusion i.e Monthly-Up No Seller area near, Weekly Up -No Seller area Near by , Daily Up -NO seller and Moving average confirmation that the trend is holding the up ward move , then this is called as Trend on upward direction , same for down ward direction, if any one is not supporting the direction then , The trend have to be identified for short duration of 1 day or 4 Hour chart for both up and down
Regards
nalinakshi
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@shiv2798, thanks for highlighting
I am understanding bettr after taking course. thanks again
Regards