Timefame: Daily
The NSE stock MONTECARLO appears to be forming a corrective pattern with points labeled (A), (B), and (C). The price faces resistance at 710, where the ADX indicator fell to 28. This suggests a weakening of the recent trend. Additionally, the price has just broken out of a convergence zone formed by the 20-day, 50-day, 100-day, and 200-day exponential moving averages (EMAs). The price’s Average True Range (ATR) has also increased to 26, indicating higher volatility.
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kindly guide about premium membership
Nice chart! Can you provide Sigachi Industries Ltd analysis?
Totally Agree with your chart & count