Venky
CMP 1824
Currently at a critical jucture. At a support-line. But it is a Stage 4 stock.
If it breaks the current support ( sky-blue line) and overall market -sentiments turn bad then we can see it going to blue line.
For any significant upmove, it should cross and close above 40 WEMA for few weeks.
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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