Sharing my study of Hindustan Zinc using Normal Andrews Pitch fork (Bullish) and Modified Schiff's fork(bearish) to predict possible price moves. I expect a bullish move in line with the Normal pitchfork on the upside with Target1 at 352 in the hourly chart and on a bullish break of which Target2 is 370.
I sense my use of modified Schiff's could be wrong due to lack of a sharp fall on the downtrend - it was more a gradual bearish decline to the left of the chart. You can also see the price crossing median line on the Schiff's fork but failing to follow through. However I was keen to see if the price did really test and reverse the upper line of the Schiff's fork which it seems to be testing at the moment.
Please treat this as an study and please bear with my rudimentary attempt to understand this Price leading indicator along with my Volume studies.
I sense my use of modified Schiff's could be wrong due to lack of a sharp fall on the downtrend - it was more a gradual bearish decline to the left of the chart. You can also see the price crossing median line on the Schiff's fork but failing to follow through. However I was keen to see if the price did really test and reverse the upper line of the Schiff's fork which it seems to be testing at the moment.
Please treat this as an study and please bear with my rudimentary attempt to understand this Price leading indicator along with my Volume studies.