Agricultural Bank of China – Market cap: $256.87 Billion USD
Friends, if we look at the chart of Agricultural Bank of China, we will understand that the analysis we are doing in blogging becomes very important that when we look at the daily analysis, how the market is performing, all of you are once again welcome to your own blog.
Here you have to learn all those things which are not providing you any tips, rather provide such a question which wants to teach you self trading and wants to tell you the ways of a good paper trade and a good paper investment.
I, your friend, take you forward in this analysis blog, so friends, we can clearly understand, if we open the daily chart of Agricultural Bank of China, which I am definitely going to share or photos, we will understand one thing that here Agricultural Bank of China has made an all-time high, recently it has made another high.
Agricultural Bk of China Important Levels:
We can clearly understand that the market has given support, that on the daily chart we can see exactly that Between 4.05 and 4.08, the market has given support around. After that, when the AGRICULTURAL BANK OF CHINA is moving in an upset. It broke the resistance near 4.50 and created a support there too.
And if we talk about recent support & resistance, then in the very recent times, you will find a support around 5.1 level. You will find another support around 5.36 and the closing of the AGRICULTURAL BANK OF CHINA has also come around 5.42.
My only purpose of making all these supports was that I saw that the AGRICULTURAL BANK OF CHINA came to these levels, spent time in the market, after that the it broke these levels in an upward direction, that is, it created support by breaking the resistance. It is very important to explain to you how the market is working.
Chart Factors in mind:
Breaking the resistance creates support. Now, if in the future the AGRICULTURAL BANK OF CHINA comes to the level that I have mentioned above, then the market will hold. I will also wait for a few days without falling while standing near the market. Spend it and then go down or maybe return from there and start moving up again, then you can see the market facing resistance around 5.65 and if it goes above that then the market can go up to 5.9
Right now we are thinking of 5.9, if the AGRICULTURAL BANK OF CHINA goes above this then I will try to update and then I will say once again that you people have come here to learn, you do not have to take tips here, you have to learn here, you have to learn
Understand every way, understand how the market is performing, when and where, what direction is it getting, according to that you people do paper trade, do paper investment, if you get strength, gradually you understand, then you people will also be able to trade on your own, thank you so much you people read it completely and keep reading this blog, you will definitely learn.
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