TTK Prestige
CMP -750
First of all would request you and every reader here to spend some time in learning stage-analysis.
Just in one hour , one can master the same.If you learn this method then you don’t need to be dependent upon us and can decide at your end in less than a minute. Please.
We would love to answer all the queries if one feels stuck even after learning or there is some complex chart.
So as per stage -analysis,thiis stock is in Stage 4 – a declining stage.
It is below 40 WEMA as well as 9WEMA .
It tried to come over but failed at trading -range resistance (sky-blue line) .
For future , on upside -let it cross falling trend line and then check different parameters of Satge Analysis to get in.
On downside -Although it has retraced 61.8% of whole rise and may start forming a base here but there are also chances that it can plunge further to meet the target of C or little above that near red-line that is a strong support of the past.
Weekly Chart
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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