SENSEX QUARTERLY CHART :
THEORY :
1) JAN QTR HIGH 17530
2) MARCH QTR HIGH 17793 ( HIGH OF JAN QTR + 1.5% = 17793)
3) JUNE QTR HIGH 18047 (HIGH OF MARCH QTR +1.5% = 18059)
4) SEPTEMBER QTR HIGH 18317 ? ( HIGH OF JUNE QTR + 1.5%= 18317)
IF WE FOLLOW THE ABOVE THEORY THEN SENSEX HAS STRONG RESISTANCE AT 18317 IN THIS QUARTER
good analysis - this sort of pattern is topping pattern and can produce big drop. This looks like a bull flag BUT actually it is a trap. In a true bull flag, the flag should point downward.
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