Monthly Chart Analysis:
Seasonal Analysis:
1. Last 10 out of 14 years April Month was Bullish.
2. April-23 may makes Bullish candle but the long term trend will bearish with the target of 17 for Dec23.
Price Behavior:
1. From Top takes 6 bars reversal in 2008.
2. In this channel 3 times Bull Run took 26 bars on an average.
3. In this channel 2 bear run took 18 bars on an average.
4. Price moving in Parallel channel since July-2008
Seasonal Analysis:
1. Last 10 out of 14 years April Month was Bullish.
2. April-23 may makes Bullish candle but the long term trend will bearish with the target of 17 for Dec23.
Price Behavior:
1. From Top takes 6 bars reversal in 2008.
2. In this channel 3 times Bull Run took 26 bars on an average.
3. In this channel 2 bear run took 18 bars on an average.
4. Price moving in Parallel channel since July-2008