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The plot is a weekly plot. There was a High Bottom- High Top sequence with high volume on 4th week, May, 2014. The stock may witness further increase in price from Rs. 1447.8.
But duration for the target is too long (on Mar 2015), nearly 9 months.
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|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
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Here the marking are very close, infact some of the marking were missing. Kindly consider use daily chart and locate the tops and bottoms, later qualify them as higher or lower.
Thanks. Will use your advice next time.
Is my duration correct? Should it be 3 months?
Thanks. Will use your advice next time.
Is my duration correct? Should it be 3 months?