ankush4343

ankush4343

1. In April’23 & May’23 Stock took support of a long term trend line on monthly chart . (this can be considered as end of wave 4 on monthly chart). 2. Also we can see Reverse Divergence (Bullish) between Lows of March’20 and April 23 as Price was making Higher Low and MACD was making Lower Low. 3. May 23 can be considered start of 5th wave. 4. Going deep in to...

ankush4343

View 1. Price of 2576 is acting as major resistance since 29th April ‘22 a. On 21st July’23 there was a fake Break out (making the end of wave 3 on Daily Chart b. On 27th Dec’23, price again broke the major resistance line of 2576. c. The high of 26th Dec’23 could not be broken and price is moving sideways between highs of 2576 &2621 d. Divergence Observed:...

ankush4343

View 1.Long Term 33 months Resistance observed at 1722 2. Very High Volume Candle formed on 15 Sep 23 & 15 Dec 23 between 1670 & 1650 Levels. 3. Reverse Divergence is observed as Price is making Lower High & MACD is making Higher Highs (Can be Double Top ). In Case of Breakdown of High Volume Candle below 1650 , there are chances of stock to be bearish. ...