Raunak,
I am a bit confused on your statement -
Voltas now has lost its price structure , I am trying to compare the Chart of Voltas to Sterlite ( Mentioned in point 6 i.e Final Price Analysis ).
When i check the retracement "I think" its Weakly Bullish - Retraces more than 38.2% but less than 50% (50% retracement Price is 206 ). I do Not see any drastic decrease in Volume as well. Currently there has been a pullback from 215.
The first RED line is marked at 38.2% Retracement i.e at 218.
The second RED line is at 61.8% Retracement i.e at 193.5(
Which was NOT breached ).
The chart data is from NOV 09 to date ( Daily Chart ), On the Weekly Chart the Current Price is above 38.2% retracement which is 214.5 .
I have posted a Crude Chart...
![Frown :( :(](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
.....Below , could you please explain Reason(s) for your conclusion that Voltas has Lost its price structure.
(
Seeing your statement on Price structure I am having Second Thoughts on My interpretation of Charts .....i.e AM I improving OR....
...
![Frown :( :(](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
...)
Thank you for your Reply,
Best Wishes,
Nithin.