Exactly as per my last post on NIFTY, again I found symmetry and some ratio price cluster between 10000-10120. Also Nifty found support at 50 DMA. Lets see how much important this support zone is important. As long as nifty is holding this support area we are on for new high.
After sharp fall in stock price I found some ratio cluster in between 585-596 area where price is taking support. Also got buying trigger on lower time frame. As long as stock price hold above this support cluster
price may extend towards new high.
This information is for educational purpose only.
Stock has broken out of falling trend line couple of days back. After that breakout price has came down two times to retest that breakout area and hold in both attempt. Now, seems like this time stock may create new high very soon. We are expecting 15% to 18% more appreciation in price.
After creating a all time high, price came back to test the breakout area and find support as expected. After a nice pullback price started moving towards new high. After looking at chart pattern looks like stock is entering into a new zone. We are expecting 15% to 20% appreciation in price in very short period.
Stock is trading near its resistance area. But as marked in the chart price is 2nd time breaking out of its falling trend line which indicating that we may see new all time high in stock price very soon.
Stock is in nice up trend. After making its last major low @270 stock has corrected approx 40% from its life time high @767.55 and started moving in its major trend. Price is just breaking out from that falling trend line which is indicating that price is moving towards new high.
This is for educational purpose only. Take action as per your risk understanding.