thegrowbusinesses

thegrowbusinesses

Trend Analysis Primary Trend: 📉 Downtrend (recently broken) The chart shows a clear downward trend with lower highs and lower lows, confirmed by the yellow descending trendline. Recently, the price broke above the trendline, which could signal a potential trend reversal or consolidation phase. Current Trend: 📊 Sideways/Range-bound After the breakout, the...

thegrowbusinesses

1. Trend Analysis: The chart shows a clear downtrend, indicated by the descending white and yellow trendlines. Lower highs and lower lows (consistent bearish structure). 2. Key Levels: Resistance Zone (23,200 region): Highlighted with a yellowish band; price faced rejection here before continuing downward. Current Support (22,959 - Yellow Line): Price is hovering...

thegrowbusinesses

This chart represents the Bank Nifty Index (1W timeframe), showing a long-term trend with higher highs (HH) and higher lows (HL). The key observations from the chart are: Uptrend Channel: The price has been moving within a long-term rising channel (purple lines). Bank Nifty has consistently formed higher highs (HH) and higher lows (HL), indicating a bullish...