Censof 5195

 

One of the Top Most Actively Traded Counters for today. 

 

Prices were actually already on a steady uptrend and it went parabolic just 2 months back. That parabolic movement had broken the Fibb level 1 resistance level. Within 2 days, prices touches the Golden Ratio. After that it went into a 'range'. 

 

That range is what we called the 'Fake Range'. How to spot a fake range? Notice how prices actually stays above the Fibb level 1 resistance level, it broke back into the Fibb Channel but prices always went back up and stays between the level 1 and the 1.618 Golden Ratio. Prices may seem to be ranging but it is actually forming a higher low. During this period, bankers are actually collecting more for the next push and it did happen today. This push is so strong that is touches the Golden Ratio x2 !!! 

 

For now in the short term, that is the peak for censof as prices will never get any higher. 

 

Industry : Technology.