11 Months Down Trend Broken in Dalmia Bharat
Why Bullish ?
Reasons -
1 . 11 months Long Consolidation (Down Trend ) with recent high at 1642 Breakout is Seen In The Graph Shared .
2 . The graph has reversed from 60 percent reversal level on Fibbonachi support at 1223 (Most trustable reversal support ) and Rsi Pattern Breakout Is Also Visible In The Graph .
3 . Retest of the breakout zone on the trend line made is also done successfully - Backing the change of trend and breakout theory.
4 . 200 Moving Average on Daily chart is also broken as visible in the chart .
Since 11 months long consolidation is broken - High probability of reaching at least highs mentioned in the graph .
Best in terms of LONG TERM.
I hope it gave you some perspective .
Warm Request - Kindly Comment If Anyone Find This Information Helpful Or Anyone Who Takes Position In This After Reading This Article .Why Bullish ?
Reasons -
1 . 11 months Long Consolidation (Down Trend ) with recent high at 1642 Breakout is Seen In The Graph Shared .
2 . The graph has reversed from 60 percent reversal level on Fibbonachi support at 1223 (Most trustable reversal support ) and Rsi Pattern Breakout Is Also Visible In The Graph .
3 . Retest of the breakout zone on the trend line made is also done successfully - Backing the change of trend and breakout theory.
4 . 200 Moving Average on Daily chart is also broken as visible in the chart .
Since 11 months long consolidation is broken - High probability of reaching at least highs mentioned in the graph .
Best in terms of LONG TERM.
I hope it gave you some perspective .
Warm Request - Kindly Comment If Anyone Find This Information Helpful Or Anyone Who Takes Position In This After Reading This Article .Why Bullish ?
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.