DATE OPEN HIGH LOW CLOSE VOLUME

21.07.2023 1,052.90 1,081.80 1,037.50 1,056.55 5,359,381

Current Scenario

It is showing a primary downtrend from 07.09.2018 to 23.08.2019 and then forms a primary uptrend
from 27.03.2020 till 03.09.2021 and then again a primary Down trend from 09.09.2021 to
17.06.2022 . 11.11.2022 to 30.06.2023 the prices are respecting the uptrend line and acts as a
support. The price gets last support at Rs 1,056.550 on 21.07.2023.

2.SUPPORT AND RESISTANCE

DATE OPEN HIGH LOW CLOSE VOLUME

21.07.2023 1,052.90 1,081.80 1,037.50 1,056.55 5,359,381

Current Scenario

In the month of June 2020, price takes its support at Rs 685.50 and again takes resistance on the
month of January 2021 at Rs 744.65. According to the trend line, the current price is approaching
towards resistance at Rs 1056.55. There is a stable upward momentum and chance are hit in
resistance and bounce back to downfall.

DOW THEORY

DATE OPEN HIGH LOW CLOSE VOLUME

21.07.2023 1,052.90 1,081.80 1,037.50 1,056.55 5,359,381

CURRENT SCENARIO:

As per Dow Theory, it started to make higher highs and higher lows which confirmed uptrend as per
21/07/2022 and still progressing (L1 to H2). Since 04/09/2022, it is making a correction in order to go
upwards and implies a bullish situation in the market.