Murray Math
In very very simple words, forget the x/9 levels, just remember this:
In very very simple words, forget the x/9 levels, just remember this:
- Upper silver or white lines are the maximum the price can go up in a particular week's trend
- lower silver or white lines are the maximum price can go down
- the purple line is the median and the most like spot for the price to move to
- the yellow lines are the immediate support resistance levels, so if in the silver zone, then first target is the yellow lines
- Always expect the price to move to the immediate upper or lower line first.
This is an interesting thread and something new to learn.
By what you have mentioned above, will the Sensex bounce back from the current levels (Purple line level is 17500 & the Sensex is right now at 17559) OR
Will the Sensex go to 15625 (Yellow line)
Also, what according to you would be the levels of the Sensex in the near future?
Awaiting your reply earnestly. Please do reply.
Thank you,
Pandya