11 Months Down Trend Broken in Dalmia Bharat
Why Bullish ?
Reasons -
1 . 11 months Long Consolidation (Down Trend ) with recent high at 1642 Breakout is Seen In The Graph Shared .
2 . The graph has reversed from 60 percent reversal level on Fibbonachi support at 1223 (Most trustable reversal support ) and Rsi Pattern Breakout Is Also Visible In The Graph .
3 . Retest of the breakout zone on the trend line made is also done successfully - Backing the change of trend and breakout theory.
4 . 200 Moving Average on Daily chart is also broken as visible in the chart .
Since 11 months long consolidation is broken - High probability of reaching at least highs mentioned in the graph .
Best in terms of LONG TERM.
I hope it gave you some perspective .
Warm Request - Kindly Comment If Anyone Find This Information Helpful Or Anyone Who Takes Position In This After Reading This Article .Why Bullish ?
Reasons -
1 . 11 months Long Consolidation (Down Trend ) with recent high at 1642 Breakout is Seen In The Graph Shared .
2 . The graph has reversed from 60 percent reversal level on Fibbonachi support at 1223 (Most trustable reversal support ) and Rsi Pattern Breakout Is Also Visible In The Graph .
3 . Retest of the breakout zone on the trend line made is also done successfully - Backing the change of trend and breakout theory.
4 . 200 Moving Average on Daily chart is also broken as visible in the chart .
Since 11 months long consolidation is broken - High probability of reaching at least highs mentioned in the graph .
Best in terms of LONG TERM.
I hope it gave you some perspective .
Warm Request - Kindly Comment If Anyone Find This Information Helpful Or Anyone Who Takes Position In This After Reading This Article .Why Bullish ?
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