HELLO EVERYONE,
You all can see the beautiful and clean chart of NSE:MCDOWELL_N on a Monthly Pivot-Point TimeFrame, where the following observations are crucial to note down and understand!
-> Inside + Narrow CPR Setup depicts that the price movement for this month of April can be "Trending" which usually suggest a breakout or breakdown of a range-play...
HEY FAM,
- As you see in the pictorial representation of NSE:NIFTY , the index took an upsurge at around 13th June, 2023 with a gap-up opening which happens to the level of previous month high (PMH).
- Moving on we also see a PEMA crossover with an initial retest of price at Monthly H3 (MH3) level which shows that monthly responsive players are in action...