Series of higher lows. Accumulated & breakout previous resistance. Seems to be accumulating again!! If breaks, might give a move!!
NSE:MARUTI (FOR LEARNING PURPOSE ONLY) While the price is clearly forming Higher Low's,struggling to form higher high's Price still between fib 50% & 61.8% Price will fall once it breaks the rising support line or previous higher low
ACCORDING TO ME TRENDLINE IS VALID WITH THREE TOUCHES IT CONFIRMS THE SUPPORT ABOVE THAT WATCH THAT: THERE IS A HIGHER HIGH AND HIGHER LOW FORMATION GOING ON THE INDEX A DIP BEFORE BIG EVENTS ARE GIVING US AN INDICATION WHERE THE MARKETS ARE MOVING I DONT WANT TO SPECULATE ONE CAN GO INTO THE EVENT BY CREATING A VOLATILE OPTION STRATEGY BUYING A STRANGLE IN...
Notes on the chart. Always have an exit plan. Trade safe Bravo
TECHNICAL -It is been observed on the WEAKLY chart that the stock is forming continuous higher top higher bottom and with a uptrend line and a triangular pattern which can breakout soon, but a MULTI YEAR resistance @120. FUNDAMENTALS -Rise in tea prices will led to higher margins and profits, with passing of GST TEA & coffee sector is going to get a huge...