Read the chart carefully, i always believe price cyclical..
In 2007, price was above yellow level.....In 2008 January price was inside the yellow level..confirms, the trend change..
Now you see what happens in 2014 and 2015..
Same way 2014 price was above yellow level....In 2015 January price was inside the yellow level...confirms, the trend change...
History Repeats...
Now...Red level will act as major shift change point...reversal or further down...
Do homework...Nifty also did the same thing..
Even...scripts will follow the same...here...Hero Motor Example..
Hero Motor trading near the major level..once, it breaks our white...no one can stop the fall of Heromotor corp..
