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Is INDOCO Falling To Its Pre-covid Levels?

Free nse indoco chart tips 190622

Free nse indoco chart tips 190622

INDOCO has been steadily declining for over 11 months. The upper & lower bands are creating a fair value area without price excess.

Observe that the upper band shows five reversals and the lower-band shows three reversals. Prices have fallen sharply based on the breakdown of 50 EMA.

Currently, the price is on the control line at 350. The control line signals strong support until it breaks down. If the price breaks the control line, traders can trade for the following targets: 343 – 331 – 320 below.

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Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

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  1. Thank you for this analysis. Please share your views on Nifty 50 & Banknifty. I’ve made good profit in previous analysis.

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