NSE CREDITACC – Price Action Breakdown
Timeframe: Daily
CREDITACC has been moving within an ascending channel for over 74 months. A significant price drop was observed after the 100 and 200 EMAs crossover. A control line, with 15 confirmed touches, provides key insights for target measurement and reversal projections.
Historically, every time the price has reached an excess level, a reversal has occurred—this pattern has repeated more than seven times. If the price enters the major ascending parallel channel and sustains above 1085, traders can consider targets at 1265 – 1552 – 1725+. Strong demand pressure could drive the price toward the upper band of the parallel channel.
We will update further information soon.
TECHM Investors Rejoice: 80% Profit Achieved!
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Click Here: NSE TECHM: Multiple Timeframe Analysis
We had written clearly, “If the price enters the parallel channel, traders can buy for the following targets: 1180 – 1234 – 1299 – 1800+”.
Timeframe
[13 July 2023]
- 09:45 AM – Price touched the first target of 1180.
[17 July 2023]
- 10:00 AM – Price hit the second target of 1234.
[18 September 2023]
- 09:55 PM – Price achieved the third target of 1299.
[12 December 2024]
- 09:15 AM – NSE TECHM Hit the Final Long-term target of 1800.
NSE TECHM achieved both the short-term selling targets and long-term buying targets. This setup had the potential to deliver over an 80% return in the long position, while the short position could have yielded a 16% return.
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