Black Rose will first shoot up to 160.80, then if it starts to drop, it will drop till 136.20. Then from the 136.20 area, it will shoot up to cross 167.40 again to make a new high.
Varun beverages has been testing its breakout levels and and interestingly it has been consolidating near retest. Price has stopped making lower lows and now volume is pushing prices up again and again. A price action for the reference:- We can call it a triple R concept as well but not until it breaks out the red line marked at 933. Keep an eye folks...
Hello Folks First of all Sorry for not posting anything. Now I am back and I will be back with a bang. Let's begin then. I have shared this chart when it was trying to break out from a W Pattern. Not what has happened is it broke and it came perfectly back to its breakout level. A perfect example of resistance turning into support More interestingly downward...
Timken India broke out from its resistance some time back and after breaking its resistance became support and as this is fresh retest it help itself beautifully.(Marked with big circles.) After retest it made a w pattern which is again a beautiful sign that stock does not want to go down. Small circles denote the present resistance at 1130. It has already tested...
Break and Retest of the Resistance and a beautiful Pull back to the 0.23 Fibbs level.