How to read above chart?
Its weekly chart of nsenifty.
All figures indicated above the candle indicates the number of weeks of consecutive rise.
All figures indicated below the candle indicates the number of weeks of consecutive fall.
All figures indicated above the candle indicates the number of weeks of consecutive rise.
All figures indicated below the candle indicates the number of weeks of consecutive fall.
Those nuber are falling to fibonacci series.
Fibonacci series,
0,0,1,1,2,3,5,8,13,21,34 ... ... ... kepp on adding last two.
0,0,1,1,2,3,5,8,13,21,34 ... ... ... kepp on adding last two.
Current rally is in sixth week and may not continue with same momentum.
Above the the study based close of 3rd February. We have seen dead flat close for the week ending 10 February.
Above the the study based close of 3rd February. We have seen dead flat close for the week ending 10 February.
Thanks for reading,
Praveen Kumar
Contact mail id - praveen@viecapital.com
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