- Stock is at approx 20% Discounted Price (dropped from all time high). - Laying at trend Channels. - high Volume Candle formed. (Green Signal). - Stoploss is mentioned in Chart - 719 (approx- 7-8%) - Can give Good Returns if it's follows Trend. - Technically Strong in big timeframes (Monthly & weekly). - Targets in Short term(2-4 months) : 859-900-935-990 -...
Nifty 50 can lift from here have some reasons at below - Nifty 50 is 11% down from last all time high. - Touching big supports & trendlines. - Near fibonacci zone (23250-23500). - Formatting pulling up candles like dojis in last 3 days. - Created high when nifty gave biggest fall of 2024 is support. for all other reasons chart says it all.
As price decreased after first trading day. Price is beautifully following good price action, you can see trendline when stock was falling. Currently following a arc/curve. Price action is showing a good strength & it's starting of cup method. It's early accumulate now. It will blast soon, price action says.
**As i drawen Trend lines, We can clearly identify the bottom of upside trend. **We can see Double Top (M- Pattern) with retest at chart, it can be formed to trap Shorters. **Last candle has been formed 'INSIDE BAR CANDLE' & formed at nearest at upside trend line. **I believe in Some oscillators for catching Bottoms. i Had drawen line at oscillator to use...
Trading at lowest at the current trend, it can be super bottom. Double bottom pattern is formed at this level. even oscillators can identify double bottom. risk and reward is 1:5.