Exhaustion of Supply? End of retracement?
1. Price has retraced on falling volumes.
2. The small body candle formed at the end of retracement has its low at exactly the same level as a previous BO candle low (watch green color support line)
3. The next small body candle has a higher closer and at a higher volume.
4. Also the change of inclination of ROC(9) on (close) and ROC (3) on (Hull MA (Close10)) on 22nd and 23 Sept is similar to 26 the May, when a small body candle (A hammer) was formed at the end of minor downtrend.
5. Since 2020, sales have been lower in Qtr ending June compared to the one ending in March and Sept.
6. Also in May 2022 Texrail bagged big order from Indian Rail. With festival season around (Durga Pooja, Dusshera, Diwali) Indian railways, TEXRAIL's biggest customer, will run more trains.
2. The small body candle formed at the end of retracement has its low at exactly the same level as a previous BO candle low (watch green color support line)
3. The next small body candle has a higher closer and at a higher volume.
4. Also the change of inclination of ROC(9) on (close) and ROC (3) on (Hull MA (Close10)) on 22nd and 23 Sept is similar to 26 the May, when a small body candle (A hammer) was formed at the end of minor downtrend.
5. Since 2020, sales have been lower in Qtr ending June compared to the one ending in March and Sept.
6. Also in May 2022 Texrail bagged big order from Indian Rail. With festival season around (Durga Pooja, Dusshera, Diwali) Indian railways, TEXRAIL's biggest customer, will run more trains.
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