Any Scrip when moves does not move randomly , it moves with value and time factors , here you can observe few points
01) Price started moving in impulse Pulsing , usually when their accumulation of scrip with cost adjustments is done they tend to make very informative on visual representation by forming a Bottoming tail or Straight Bullish Candle , that indicates that , they have done their work and ready to sell to retail and small institutions and Move the Market up ward side , ( same when they complete Making top they reverse in the same manner ).
02) once they start they tend to make a linear progression trend , which we call as ascending trend line , and price tend to respect and it and move up ward until they take rest or brake
03) Here you can see when they ware resting (distribution & Accumulation ) they ware basically making a trend which is side ways , which clearly indicate they are not in any kind of move .
04) Once they moved up form that place , one can see very visual candle formation , they are very weak and not moving in strong pulsing mode , here you can understand that they are now only selling to Retail and others ,
05) Once price Made a noticeable high and try to challenge the high made and failed to move further You must understand that they are now heading back
06) Now current situation is they have come to that level where previously they made an Accountable distribution
Now i am looking they brake the low made in the past distribution and when entire world is selling , They will absorb all sell orders and Then move up the scrip price only for another short term run
You can also observe that price is now in dribbling condition , its not at all moving fast in down ward direction
Look for brake of this level and reversal to buy for short term , thats all for Now
Best Regards
01) Price started moving in impulse Pulsing , usually when their accumulation of scrip with cost adjustments is done they tend to make very informative on visual representation by forming a Bottoming tail or Straight Bullish Candle , that indicates that , they have done their work and ready to sell to retail and small institutions and Move the Market up ward side , ( same when they complete Making top they reverse in the same manner ).
02) once they start they tend to make a linear progression trend , which we call as ascending trend line , and price tend to respect and it and move up ward until they take rest or brake
03) Here you can see when they ware resting (distribution & Accumulation ) they ware basically making a trend which is side ways , which clearly indicate they are not in any kind of move .
04) Once they moved up form that place , one can see very visual candle formation , they are very weak and not moving in strong pulsing mode , here you can understand that they are now only selling to Retail and others ,
05) Once price Made a noticeable high and try to challenge the high made and failed to move further You must understand that they are now heading back
06) Now current situation is they have come to that level where previously they made an Accountable distribution
Now i am looking they brake the low made in the past distribution and when entire world is selling , They will absorb all sell orders and Then move up the scrip price only for another short term run
You can also observe that price is now in dribbling condition , its not at all moving fast in down ward direction
Look for brake of this level and reversal to buy for short term , thats all for Now
Best Regards
Comment:
Price is moving as per Forecast ,
Comment:
Any Price tag to 217/210 and reverse on daily , One can Look for entering on retest mode