Please look at the chart first :
>> A : Few days back, we saw this level. General investors accepted this level (as per volume). So, this time if it comes this level again general investors may not mind (As they have an experience of this level). Because it will strength the resistance. It will give them (SM) more buy opportunity which is good for any long run. If index dose not come this level, we will be happy because we may see a Lower High (LH). Investors should give a close look at this resistance level.
>> B : Triple bottom, strength of resistance.
>> C : No magic from volume.
"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does
not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it.
All these are for our learning purpose. by
JC
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