Jio Finance
Date 12.08.2024
Jio Finance
Timeframe : Day chart
Remarks:
1 If price exit descending triangle falling trendline above speed resistance fan or with support from speed resistance fan will be high momentum breakout.
2 The neckline of descending triangle has acted as strong support as triple bottom, if at all price exit this area then no catching of falling knife. I would suggest let price resume above neckline on daily basis or weekly basis.
3 Speed resistance fan angles are also acting as strong support & resistance.
Regards,
Ankur
Jio Finance
Timeframe : Day chart
Remarks:
1 If price exit descending triangle falling trendline above speed resistance fan or with support from speed resistance fan will be high momentum breakout.
2 The neckline of descending triangle has acted as strong support as triple bottom, if at all price exit this area then no catching of falling knife. I would suggest let price resume above neckline on daily basis or weekly basis.
3 Speed resistance fan angles are also acting as strong support & resistance.
Regards,
Ankur
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