ITS IN COMPLETE DOWN CHANNEL AS PER THE DRAWN LINE. PRICE MIGHT B COMING TOWRDS UPPER TRENDLINE ,LETS SEE HOW IT WORKS,EITHER BREAKUP OR AGAIN BOOM DOWNSIDE.
PRICE HAS BROKEN MAIN SUPPORT AND HAS COME AGAIN TO RETEST IT . MOREOVER, IT HAS FORMED DOJI WEEKLY AT THE RESISTANCE.
PRICE BROKEN PREVIOUS SUPPORT AND HAS GIVEN PERFECT REVERSAL CANDLE AT THE RESISTANCE.
PRICE IS BELOW 200 EMA, HAS BROKEN TRENDLINE AND AGAIN IT HAS COME TO RETEST IT WITH THE NEGATIVE WEEKLY LAST CANDLE. TARGET MIGHT B MARKED LOWER LINES .
THINKING THAT PRICE HAS MADE DOUBLE BOTTOM AND BROKE RESISTANCE. RECENTLY, IT IS MAKING FLAG PATTERN AT THE PREVIOUS RESISTANCE WHICH HAS BECOME SUPPORT NOW.
THIS CAN BE BEST EXAMPLE OF TRADING SUPPORT AND RESISTANCE.
balkrishna daily chart. There is a breakup of channel and reversed from 200 ema with inverted hammer.
hello found head and shoulder pattern in axisbank.