INR chart, page-150

In 20 weeks or more, this price channel has maintained reliability.
Squeef I keep my analysis organic and as other (hopefully good ) technical analysts do I roll with the punches.
As sure as the tides change and the moon cycles, INR will bob up and down and in and out of phases.

I’ve posted this simple chart before (Above).
My long term weekly chart shows two lines, blue and red.
They show the most reliable price channel (that I’ve been able to rely on) for anticipating when the price has moved too high or too low for the average market sentiment.
This is when the price moves above or below the relevant red or blues lines.
I rely on them just because they’ve always worked at this time in the company’s early licensing:green shoots growth phase.
Right now the price sits under the blue perforated line so I anticipate that we are close to fair value, with a tendency to be undervalued based on time decay factors.
The closer we get to licensing/construction/production, the higher the price will move arithmetically in my view, give or take the usual overall market events that takes place from month to month, ie., Lithium news, covid, climate change, updates and so on.