ilmscore | Prediction Details
"technical analysis says is that longer the consolidation bigger the breakout or more convincing the breakout is now how can I understand whether the breakout is convincing or not for that we have to see volumes I'm repeating to understand whether the breakout is convincing or not we have to try and analyze the volume and if the volumes are higher it means that more and more people are participating in this now at an index level here I cannot see volumes and that is the reason why we would want to check out the volumes of the stocks which are a part of this public sector undertaking index"
By CA Rachana Phadke Ranade | November 12, 2023 | Pending
From video
Can this theme be the next multibagger? | Mahurat Trading | Samvat 2080 | CA Rachana Ranade 00:12:15 - 00:12:47
Interpreted Prediction
The longer the consolidation period, the bigger the potential breakout. To confirm the conviction of a breakout, analyzing volumes is crucial, especially by looking at the constituent stocks of the index.

Prediction Details

Topic
Nifty PSU Bank Index

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.