This Analysis was requested by @anerishah269
The chart should tell you everything you need to know about
DEEPAKNTR
:
However, Below are some 'good to know' pointers:
- The Price action is completely sideways in nature with clearly marked support and resistance zones
- The price has been consolidating for over 18 months now
- Owing to the sideways nature, the breakout of the trendline did not have a huge impact on the price momentum. The price immediately took a rejection from the resistance zone and gunned for a retest.
- Bearish crossover of MACD on a weekly TF is a negative
- The PE ratio has worsened
- The Psy. levels of 2000 and 2500 are at play
- We can expect some good momentum once either of the zones is broken. Until then, it's hold the fight and sit tight situation for us.
What should we analyze next?
Have Requests, Questions, or Suggestions? DM us or comment below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
The chart should tell you everything you need to know about
DEEPAKNTR
: However, Below are some 'good to know' pointers:
- The Price action is completely sideways in nature with clearly marked support and resistance zones
- The price has been consolidating for over 18 months now
- Owing to the sideways nature, the breakout of the trendline did not have a huge impact on the price momentum. The price immediately took a rejection from the resistance zone and gunned for a retest.
- Bearish crossover of MACD on a weekly TF is a negative
- The PE ratio has worsened
- The Psy. levels of 2000 and 2500 are at play
- We can expect some good momentum once either of the zones is broken. Until then, it's hold the fight and sit tight situation for us.
What should we analyze next?
Have Requests, Questions, or Suggestions? DM us or comment below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
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Third attempt:
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And rejection. This may be a pullback before the breakout. We wait and watch
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Still in the range
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Getting ready?
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