SBICARD + 200SMA + CHAIKAN MONEY FLOW
As observed in the chart the price is above its 200 SMA after long period on consolidation. Significantly important triple bottom pattern is also visible on the chart. This is an important support level to note.
Taking some clue from the chaikan money flow . It can be observed that the readings is above the zero line . Volume supports the rise in price and so the bulls have enough fuel to regain their territory. The important levels to observe is indicated by the fibonacci retracement lines.
Taking some clue from the chaikan money flow . It can be observed that the readings is above the zero line . Volume supports the rise in price and so the bulls have enough fuel to regain their territory. The important levels to observe is indicated by the fibonacci retracement lines.
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