SOMETHING FISHY AGAIN IN ADANI ENT

16 sept.

MAYBE it going to fly before us election exepcted 20/25 percent move within few weeks
What Causes Consolidation?
Indecisiveness: Consolidation typically occurs due to trader indecisiveness. It’s like the market taking a pause, catching its breath before the next move.
Support and Resistance: The price moves within a narrow range defined by support (the lower bound) and resistance (the upper bound).
Technical Analysis View:
Support vs. Resistance: The lower and upper bounds of the consolidation pattern create the support and resistance levels.
When the price breaks through these levels, volatility increases, and short-term traders seize opportunities.
A breakout above resistance suggests further price climbs, leading traders to buy.
Conversely, a breakout below support indicates further price declines, prompting traders to sell.
Duration and Timeframes:
Consolidation periods can last for days, weeks, or months.
Technical traders analyze price charts, identify these support and resistance levels, and make trading decisions based on them.
Accounting Consolidation:
In financial accounting, consolidated financial statements combine a parent company and its subsidiary as one entity.
If a parent owns a majority percentage of a subsidiary, their assets and liabilities are adjusted to fair market value for the combined financial statements.