SHRIRAMFINANCE--Bullish or Bearish ??
Observations::
the stock broken the trendline in Daily timeframe strongly, and tested the resistance.
the previous resistance is acts as a support and price moved up again, testing the resistance one more time and now its again at the support.
---------->> If this time @ support showing some bullish pressure, if this will continue price will break the resistance easily, and creates a new high.
--------->> we have a previous resistance @ 1500 range, this time it will test this range.
--------->> If price breaks 1300 range and support acts as resistance price falls below level of support @ 1200 range and below.
we have a trendline in smaller time frame as well, if breaks & retest will observe bullishness. Keep track this instrument.
the stock broken the trendline in Daily timeframe strongly, and tested the resistance.
the previous resistance is acts as a support and price moved up again, testing the resistance one more time and now its again at the support.
---------->> If this time @ support showing some bullish pressure, if this will continue price will break the resistance easily, and creates a new high.
--------->> we have a previous resistance @ 1500 range, this time it will test this range.
--------->> If price breaks 1300 range and support acts as resistance price falls below level of support @ 1200 range and below.
we have a trendline in smaller time frame as well, if breaks & retest will observe bullishness. Keep track this instrument.
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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