It has been observed on the monthly chart that the price action is forming a higher high, higher low sequence indicating a strong breakout from a current resistance zone of 140-150 levels. It has a strong fundamentals to support the next move up.
T1- 170
T2-210
T3-300
SL -125
It has been observed that the price action dipped below the book value of the company, which is providing a good opportunity to buy as an undervalued company at discount of 20% from its book value. The price action dipped due to the recent down turn in the realestate market due to Government policy changes in recent year like Demonetization, GST and other. But the...
DEAR ALL , IT IS MY PERSONAL ANALYSIS ON NIFTY ... IT IS TOTALLY BASED ON FACTS ... BASED ON DOW THEORY AND PREVIOUS BULL MARKETS ... BE HAPPY ... GOOD LUCK IN SHARE MARKETS !!!
