BSE has corrected from high of 2373.70 down to 1805.
Key Retracement Data:
1. Retracement from 1425.55 to 2373.7 (29/11 to 15/12 dates in 2021)
- Price went down to almost touch 61.8 levels and then on consolidating in a healthy way
- 38.2% retracement is about to get breached at 2011.5
2. Correction phase Retracement from 2373.7 to 1805 (15/12 to 20/12)
- Price is about to breach 31.8% of level at 2023
- Price has risen today with heavy volumes
Price Action and Volume Data:
1. Strong Green Candle with high volume on daily basis
2. On Weekly basis, this weeks candle may try to breach inside candle pattern of the candle 2 weeks back. Along with that, volume is also about to remain increased
RSI:
1. RSI cross over on daily basis
2. RSI cross over taking place on weekly basis as well
Chart Pattern:
1. On Weekly chart, it is like a flag pattern
Buy and Hold for Medium to Long Term
Key Retracement Data:
1. Retracement from 1425.55 to 2373.7 (29/11 to 15/12 dates in 2021)
- Price went down to almost touch 61.8 levels and then on consolidating in a healthy way
- 38.2% retracement is about to get breached at 2011.5
2. Correction phase Retracement from 2373.7 to 1805 (15/12 to 20/12)
- Price is about to breach 31.8% of level at 2023
- Price has risen today with heavy volumes
Price Action and Volume Data:
1. Strong Green Candle with high volume on daily basis
2. On Weekly basis, this weeks candle may try to breach inside candle pattern of the candle 2 weeks back. Along with that, volume is also about to remain increased
RSI:
1. RSI cross over on daily basis
2. RSI cross over taking place on weekly basis as well
Chart Pattern:
1. On Weekly chart, it is like a flag pattern
Buy and Hold for Medium to Long Term
交易结束：到达目标:
Technical pattern had a potential to take it to 2800 which is over breached today already. It may retrace now.