Pattern - Falling wedge
As per technical Wockhard will touch 413-414 first
And it will break it successfully
then we can see 419-424-4324-442 and more (short/Mid term)
This post is only for study purpose
Dena Bank is showing bullish divergence with respect to money flow index. Also the price is in a tight range since August. It may break from the range soon. Can it be a breakout? Please share your thoughts.
As this post is merely for educational purpose, let the stock remain anonymous for the time being. The analysis would not only be applicable to long term charts but also to smaller time frames.
I have found two important phases of Panic Sell-off in a bear market. One in the beginning and one in the end. The former phase is good for sellers and the latter is good...
The concept lying behind this post is how to trade with Elliot waves and use it to our advantage, with simple known techniques. Many will have doubts on how Elliot Wave count is done.It's as simple as 1-2-3, I will explain step by step. This is gonna be Learn n Practice post, so with each step mentioned, you draw & analyze along with Me, So that you can learn more...