Arvind Limited highlights how a broader perspective can clarify deceptive price moves.
On the left (weekly), resistance ("R") flipped into support ("S") multiple times, with the orange counter trendline framing the recent structure. The red arrow marks a moment when weekly support appeared broken—a classic fake breakdown as price quickly reclaimed the zone with decisive strength.
Looking right (monthly), the MTFA view explains the recovery: a long-standing trendline support anchors the zone, helping absorb downside attempts and fueling the swift reversal. This alignment across timeframes illustrates how long-term technical structures often override short-term volatility, and why reviewing bigger picture charts is essential for pattern validation—not for prediction.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Always do your own research before making financial decisions.
On the left (weekly), resistance ("R") flipped into support ("S") multiple times, with the orange counter trendline framing the recent structure. The red arrow marks a moment when weekly support appeared broken—a classic fake breakdown as price quickly reclaimed the zone with decisive strength.
Looking right (monthly), the MTFA view explains the recovery: a long-standing trendline support anchors the zone, helping absorb downside attempts and fueling the swift reversal. This alignment across timeframes illustrates how long-term technical structures often override short-term volatility, and why reviewing bigger picture charts is essential for pattern validation—not for prediction.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Always do your own research before making financial decisions.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎯 Master My Self-Made Trading Strategy
✅ WhatsApp (Course): wa.me/919455664601
📈 Telegram (Free Charts): t.me/hashtaghammer
✅ WhatsApp (Course): wa.me/919455664601
📈 Telegram (Free Charts): t.me/hashtaghammer
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.