Decoding the Mystery behind Dec 20 Fall - Part 1
1. Nifty Media - the Biggest Fall among its Peers (-5.11%) - Comparison between Monthly & Weekly Chart
Month - Beautiful Cup & Handle Pattern - BO attempted today but didn't sustain (no change in pattern)
Week - Inside the Handle - there is an Inv. H&S pattern - Look at the rejection today from BO + Resistance zone of 2500
Neither is this the Biggest Weekly fall (as per weekly chart) nor does it negate the current Bullish Pattern.
After 2-3 months when you see the weekly chart - does it really matter whether it fell 5% in 1 day or 5% in total across the entire week ? no one cares. So why so much noise ?
Month - Beautiful Cup & Handle Pattern - BO attempted today but didn't sustain (no change in pattern)
Week - Inside the Handle - there is an Inv. H&S pattern - Look at the rejection today from BO + Resistance zone of 2500
Neither is this the Biggest Weekly fall (as per weekly chart) nor does it negate the current Bullish Pattern.
After 2-3 months when you see the weekly chart - does it really matter whether it fell 5% in 1 day or 5% in total across the entire week ? no one cares. So why so much noise ?
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- Team Stocks-n-Trends
- Telegram: telegram.me/stocksntrends
- Telegram: telegram.me/stocksntrends
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.