UTI AMC
CMP 654
Like other AMC stocks, it is obvious that it is in downtrend.
Now the question is where it will stop ?
Well green line is the support-level.
But if it breaks that too, then it may follow 3 Box (Dabba) Theory.
That means the stock will fall in 3 boxes at various levels. At the beginning we always assume that the last Box will be equal to the first box . (same thing happens on upward journey)
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.
| Subscribe To Our Free Newsletter |
