Technical analysis by mk990909 about Stock شاخص کل: Buy recommendation (2/25/2024)

There is no doubt that the long-term market trend is bearish or at best suffering. Therefore, I have shown the guidance lines in the chart to indicate that the 1.8M target is still valid. Fundamentally, the process of making profits and selling index-making industries is still in a state of stagnation. But the long-term downward trend does not mean the absence of upward swing. Whenever the monthly trading volume is less than 60B, weekly less than 10B, and daily less than 2B, the phase change in the downward price trend has started. Therefore, my view is an upward swing to 2.280 m and then a price correction to 1.8 m. In this upward fluctuation environment, the symbols that have made a proper correction and are seasonally on the threshold of sales growth have a better situation to fluctuate. The loss limit of the total index is still preserved in the range of 2.050 to 2.030 and it is possible that we will have a negative range this week before the upward swing.