Never Closed below the 50 Monthly Moving average after May 2009 (@ 117). Retested this in Feb'2011 (@ 173), Mar' 20 (@ 1124) but always closed above this MA.
Given 10x return since May 2009 from 170 to 1700+ (Excl. dividend) i.e. 1 lac invested in May'09 becomes 10 lacs in 2023 in a span of 14 years.
Trading now near to the same Monthly MA from Mar 2023. Trading in a range of 1600 - 2050 since Jan' 2021.
Where this journey will head on from here?
Given 10x return since May 2009 from 170 to 1700+ (Excl. dividend) i.e. 1 lac invested in May'09 becomes 10 lacs in 2023 in a span of 14 years.
Trading now near to the same Monthly MA from Mar 2023. Trading in a range of 1600 - 2050 since Jan' 2021.
Where this journey will head on from here?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.