United Spirits- Beauty of Polarity Reversal Zone 2100-2200
Diupdate
Polarity Reversal
Concept of Polarity Reversal is very common & should be used by investors. This weekly chart of United Spirits topped in the zone 2100-2200 in year 2007-2008 & acted as supply zone also in year 2011-2012 start- The same zone in Aug -Sep2016 acting as good support where demand is coming for the stock. So, The zone which acts as supply zone turns its role into the demand zone or vice-versa is known as Polarity Reversal Zone.
Since 2009 lows of 426- It has started moving in an impulsive manner & likely completed 4th wave or could be A-leg in 4th wave, but in both the cases we are making a bullish case & shall be looking for a good sizeable rally once 2600 is crossed- which is a key level for me.
Regards,
Abhishek H. Singh, CMT
Concept of Polarity Reversal is very common & should be used by investors. This weekly chart of United Spirits topped in the zone 2100-2200 in year 2007-2008 & acted as supply zone also in year 2011-2012 start- The same zone in Aug -Sep2016 acting as good support where demand is coming for the stock. So, The zone which acts as supply zone turns its role into the demand zone or vice-versa is known as Polarity Reversal Zone.
Since 2009 lows of 426- It has started moving in an impulsive manner & likely completed 4th wave or could be A-leg in 4th wave, but in both the cases we are making a bullish case & shall be looking for a good sizeable rally once 2600 is crossed- which is a key level for me.
Regards,
Abhishek H. Singh, CMT
Trade aktif
15:21 Hrs 4th Oct2016Trading@2548
Vow Mcdowell
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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.