PVR
CMP 1650
Is the long term bull run is over !
Is it entering S4 ?
Today it is likely to close below 40 WMA ( today’s weekend ) and also broken a rising diagonal ( drawn from April lows).Has taken the support lower BB on weekly.
Let’s keep a close watch.
Daily,weekly, montly MACD are in sell mode.
Next support is 40 MMA at 1558, then comes the support of rising channel (near 1440-1450)that has been drawn from 2008.
Monthly Chart
Keep in consideration that montly chart projection takes an year or two to play out.(a short term bounce might happen in near term)
Let’s keep a track.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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