Based on the observation I've shared, Let's break down the chart says :
Trend Line: I noticed that there is a 13-year-long trend line that was pierced on the 22nd June 2023. This indicates that the price broke above the trend line, which can be interpreted as a bullish signal.
Higher Highs: I observed that the price has been forming higher highs from the previous swing low. This pattern of higher highs signifies a short-term bullish trend, indicating that buyers are currently in control.
Breakout and Retracement done on 9th Aug
Please remember that the information provided is solely for educational purposes and should not be construed as financial advice. It is always prudent to consult with a professional or financial advisor before making any financial decisions.
For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer
#NiVYAMi
Trend Line: I noticed that there is a 13-year-long trend line that was pierced on the 22nd June 2023. This indicates that the price broke above the trend line, which can be interpreted as a bullish signal.
Higher Highs: I observed that the price has been forming higher highs from the previous swing low. This pattern of higher highs signifies a short-term bullish trend, indicating that buyers are currently in control.
Breakout and Retracement done on 9th Aug
Please remember that the information provided is solely for educational purposes and should not be construed as financial advice. It is always prudent to consult with a professional or financial advisor before making any financial decisions.
For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer
#NiVYAMi
Trade active:
Second profit booked, now trailing accumulation trend line for Final Target of Rs. 40, Review again after result declare
Comment:
Final Target Rs. 40 Achieved Next Swing Target Level is 72