Share India Securities Ltd. ---- Deep Analysis

Share India Securities Ltd.


1. -----Company Technical Analysis Data

Analysis -- Based on ICT and SMC Concepts
TIME Frame -- 1 hour



Chart Elements & Observations ----

Market Structure -- 1. Clear bearish structure earlier with Lower Lows(LL) and Lower High(LH).
-- 2. Market Structure Shift (MSS) observed which indicates a possible reversal
-- 3. BOS(Break of structure) confirms shift from bearish to bullish bias.


Short Term Outlook (3-6 Weeks) ---

-- Price is currently retracing after recent high (190 levels)
-- We are projecting price to move down to the demand zone @150-160 levels followed by accumulation and reversal.
-- Short term plan is just watch price around 145-150, if price forms a liquidity sweep + Bullish structure then
this is a potential buy Zone.
-- RSI confirmation will strengthen this zone (here we will look for bullish divergence again.)

Short term trade plan -- Buy zone - 145-150 (after confirmation Liq. sweep, bullish engulfing candle and OB Tap)
Stop Loss - 135--138 (Liquidity Below demand)
Target -1 ---- 175 (Retest structure)
Target -2 ---- 190 (Recent High),
Target -3 -----220 (Extreme Liquidity Zone)


Keep note that ----- If price 148-145 demand zone fails then next Higher Time Frame demand may come near 135 levels.

All Traders and Market Influencers, Your Views or comments are most welcomed. Thank You.
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[Disclaimer ----- This analysis is just made for educational purpose for backtesting only. Do not consider it as any investment idea.
Consult your Financial Advisor before any investment.]