This is an extension of the “DeMark Range expansion” by CristianD. I have added Weekly and Monthly Ranges .
The support and resistance zones are filled for better viewing .
It bookends the daily, weekly and monthly range between highs and lows. Sell at retests of highs, buy at retests of lows. If a range is broken one way or the other you can probably expect...
Current market price - 2475.20 (as of 12/15/2020 market closing)
Stoploss - 2358
Diverging Triangle pattern .
if breakout happens with high volumes: Target1 - 2646, Target 2 - 2945, Target 3 - 3088
This is only for educational purpose .
Cmp – 1406.70
Stoploss – 1338
Resistance – 1445
Currently in a range between – 1435 & 1369.
Tentative targets upon breakout – 1528/1571
Broadening formation pattern :
Buyers become increasingly willing to buy at higher prices, while sellers find ever more motivation to take profits.
Note - This is for educational purpose only .
closing price - 4850.25
Currently it is range bound between 4944 - 4786
If it breaks out of the range , then subsequent targets - 5060/5185/5268/5448 (Stoploss - 4620)
If break down happens then target is - 4656