- This is one beautiful price action. One that we see in a textbook.
- 1.7 years of Pure range-bound market - Support and resistance respected.
- A retracement prior to breakout - Weak hands are moved out
- A strong breakout beyond the 3000 mark - The psychological level was no match today.
- Although, A sustenance above it is crucial for the momentum to continue.
- This had a role to play in today's momentum:
www.forbesindia.com/...oyal-enfield/86337/1
What are your thoughts? Feel free to comment. If it helped, Do Leave us a boost 🚀
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
- 1.7 years of Pure range-bound market - Support and resistance respected.
- A retracement prior to breakout - Weak hands are moved out
- A strong breakout beyond the 3000 mark - The psychological level was no match today.
- Although, A sustenance above it is crucial for the momentum to continue.
- This had a role to play in today's momentum:
www.forbesindia.com/...oyal-enfield/86337/1
What are your thoughts? Feel free to comment. If it helped, Do Leave us a boost 🚀
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
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Retest complete. After a huge candle breakout, it is always wise to wait for a retest. The 3000 level will be a crucial point for the continuation of the up move.
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Monthly Timeframe
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A decent 7% is In !
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Another 3% Booster:
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Worked better than we thought. We still have a day for the weekly close.
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Passed through like a hot knife through butter
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