the stock is trending upwards from long term...
now price is reached the previous strong support...now acts as a resistance...
yesterday a long rejection is observed from the same zone...
on bottom we have seen, that a bullish gap left below...
is this an exhaustion gap at resistance...price fall is going to happen.
a strong move is observed from 1500 zone...
If the previous resistance gives support it will reach top side...
if the bottom side demand will pushes the price upwards...after reaching the zone look for buy at previous resistance...
If demand gives support,previous resistance acts as resistance again falls.
now price is reached the previous strong support...now acts as a resistance...
yesterday a long rejection is observed from the same zone...
on bottom we have seen, that a bullish gap left below...
is this an exhaustion gap at resistance...price fall is going to happen.
a strong move is observed from 1500 zone...
If the previous resistance gives support it will reach top side...
if the bottom side demand will pushes the price upwards...after reaching the zone look for buy at previous resistance...
If demand gives support,previous resistance acts as resistance again falls.
Nota
Nota
Again comes back to the resistance...if not able to breaks upside...wait for the trendline to break and retest for shortside...
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
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" i am a IT-Trader "
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.