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PrasantaP

After strong corrections finally price trading near Multiyear Support (Low risk zone for any stock)

PrasantaP

After Strong Corrections this Stock price now trading near Multiyear Support . Low risk zone for any stock .

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This stock price trading near multi decade support and low risk zone for this stock . High probability may be we will see some counter rally .

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S & P 500 PRICE TRADING NEAR MULTI DECADE RESISTANCE . Looks like price try to create a Top

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After a strong uptrend finally price cooldown and trading near multiyear trendline (act as a low risk zone )

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After Multiyear Consolidations breakout price finally retest its breakout level and as per price action previous resistance now act as a support .

PrasantaP Updated 

Price Trading Near Multiyear Multiple Support Zone. such as Multiyear Momentum line & Previous Made Inverse Head & Shoulder Pattern. Neckline act as a Support Now.

PrasantaP Updated 

Historically RIL always bottom formed near 200 week SMA Zone (+- 5%) . Low Risk zone near multiyear support 970

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If we closely watch hashtag#Nifty50 weekly setup look like multiyear breakout re-test and in daily time frame in panic case price may be test near 24300 because of AVWAP .

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After a strong down trend finally price ready for Trend Reversal above 751

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After multiyear uptrend near life high price construct a Cup & handle chart pattern and break the neckline . Normally after this type of pattern price maximum time continue the trend and previous swing low act as a Stop loss .

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After multiyear consolidations finally price break the range testing its 200 week SMA . Now price ready to test Multiyear high . Previous swing low act as a stop loss

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After Multiyear Consolidations Finally Bajaj group test its 200 Week MA and Ready to Outperform.

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Because of Global Selling Nifty also Crash 3% but high probability price now stable because of Anchored VWAP Support near 23700

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In year 2007 Price break multiyear resistance with Monthly Hammer and move up to 37% and This setup looks like repeat in 2024 .

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Multiple times price bounce from AVWAP and nifty50 price follow a rising channel and today bounce rising channel lower boundary , above todays high nifty may be test its upper boundary .

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Price always follow a channel and last 22 years banknifty/nifty ratio chart follow a uptrend channel and finally price trading near channel lower boundary . that mean high probability bank nifty outperform Nifty .

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After Multi Year Consolidations Finally Gold break the rang and ready for upmove .