I have been studying stocks for the past couple of months (6 months) to be precise, and have been learning different types of chart techniques.
Have been looking at the Asian Paints stock for study purposes and this is something that caught my eye.
If we consider the uptrend that the stock has been doing and, look at the short term downtrend, can this be...
bulls started rubbing their hooves on ground today. but some bears still want to fight "till death do us apart"!
so long as the 3rd wave move within the ending diagonal is not exceeded, the bulls have chances to take over. the count changes if the move is exceeded then bears are lord of the ring! till then, match is on up to last ball of the game.
Its amazing experience to look at Dollar on monthly chart( its first time i looked Monthly chart on Dollar).
All time high of 162
Resistance level 102, 120
Support level :100 ( great physiological No). but i think it will dive below that and hunt for stoploss.
next support level will be 92