Retracementlevels
Retracement probability on MOTHER SUMI..In past 6 working days MOTHERSUMI almost gained 30%. Now expect a good retracement.
If MOTHERSUMI giving a gap up opening tomorrow, can expect a high volume of profit booking and obviously scalpers will also comes to market for shorting. That's why am expecting a high retracement !!!!
Expect a fall soon..Asian paints loosing its bullish momentum. Now expect a high retracement on upcoming days. Positional traders book profits on next highs or strictly trial profits. Want to take ptofits in retracement, follow us and the proper point where the market starts retracement for paid members only. Now wait and watch:-)
Ajanta Pharma Ltd. Double Bottom Reversal Chart Pattern! Technical:
1) Chart Pattern : Double Bottom Reversal Level : 1180
2) Retracement Calculation
*1st Calculation*
A: 1727
B: 1116
Retracement Level 1.618 Target : 2100 Completed Trade Closed.
*2nd Calculation*
A: 2141
B: 1121
Retracement Level 1.618 Target : 2771.