Is Hindustan Aeronautics Limited Heading towards 1570?
For the past four weeks, I've been expressing my doubts about the current market situation, which appears to be artificial and lacking any clear indications of a bullish target.
Now, let's delve into the technical aspects:
1.Examining the 62-day timeframe chart, we can identify the demand zone, representing the true value of the asset. Conversely, the projected bullish trend that many observe is often referred to as the manipulated value according to technical analysts' terminology.
2.In order to consider a short position, we should closely monitor the 4-day timeframe chart for signs of overbought conditions, indicated by a ratio of 62/15 = 4 days. Check check the chart here
3.Our next move relies on a breakout signal (CHOCH) based on the 4-day timeframe chart, which will validate our decision to initiate a short position. Check here
Your valuable feedback is appreciated, and I encourage you to follow and get updates for my daily ideas in the Forex market for the selected currency pairs that I prefer to trade.
Disclaimer : Please remember to consider the timeframe associated with each analysis to avoid any potential misinformation. It's important to note that all predictions I share are for my personal reference and educational purposes only. Any trades inspired by my ideas, whether posted earlier, today, or in the future, involve financial risk for which I will not be held accountable. Thank you for your understanding.
Now, let's delve into the technical aspects:
1.Examining the 62-day timeframe chart, we can identify the demand zone, representing the true value of the asset. Conversely, the projected bullish trend that many observe is often referred to as the manipulated value according to technical analysts' terminology.
2.In order to consider a short position, we should closely monitor the 4-day timeframe chart for signs of overbought conditions, indicated by a ratio of 62/15 = 4 days. Check check the chart here
3.Our next move relies on a breakout signal (CHOCH) based on the 4-day timeframe chart, which will validate our decision to initiate a short position. Check here
Your valuable feedback is appreciated, and I encourage you to follow and get updates for my daily ideas in the Forex market for the selected currency pairs that I prefer to trade.
Disclaimer : Please remember to consider the timeframe associated with each analysis to avoid any potential misinformation. It's important to note that all predictions I share are for my personal reference and educational purposes only. Any trades inspired by my ideas, whether posted earlier, today, or in the future, involve financial risk for which I will not be held accountable. Thank you for your understanding.
