Mcdowell

Mcdowell Chart for Knowledge purpose....How the prices are moving after crossing some range...

On 31st October 2014....Mcdowell convincingly crossed above important level and made a close 2764 and low was 2540....

November 1st week...again it has tested 2525.60 and closing was 2581.25 well above 2540.. to shunt out all longs.. (breakout always stoploss low of the breakout candle i.e.2540 closing basis.)..

From there it has started the journey now trading at 3861....still...i feel steam is left out...

Message is...nothing is high (so many would have thought 2764 was higher price) and nothing is low...

If levels and price says....i am going to up....please believe..
If levels and price says....i am going to go down...please believe..

Don't use our sixth-sense intelligence in market......market is trading at eighth-sense....so...you will fail, if you not understand the price movement...

Now...almost MCX India is also in same pattern...study the chart and understand and gain knowledge..

Already moved scripts to higher range in the same fashion...if it is low equity..then trend will be solid..

Eicher
TTK Prestige
MRF
FAG
BEL
Bosch
Leyland
Auropharma
Bharat Forge
etc.....

Study the Chart and do some analysis and understand why the scripts are running fast after some level....reason is in the price itself...

Take Care..