THYROCARE at a Make-or-Break Level: Strong Rejection Expected?

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🧠 Technical Overview
THYROCARE has recently approached a strong supply zone, which is formed by a classic Drop-Base-Drop structure — footprints of institutional players.

When price enters such zones, it often encounters heavy selling pressure due to pending sell orders placed by big players (smart money). This creates an ideal condition for a potential reversal or correction.

At the current level, there's a clear indication that the stock might face resistance. If you're trader and already holding THYROCARE in your portfolio, this could be a wise area to consider partial or full profit booking.

📊 Key Observations
  • Strong Supply Zone: Price has entered a well-defined Drop-Base-Drop zone.
  • Risk Management Tip: Booking profits here can protect gains if the expected rejection plays out.
  • Short-Term Outlook: A pullback or downward move is likely if supply pressure dominates.


📌 Important Note for Investors
If you're a long-term investor, use this opportunity to assess your risk-reward ratio. This zone could lead to a temporary dip, but keeping an eye on fundamentals alongside technicals will help with bigger decisions.

🔥 Motivational Nugget
"Every great trader was once a beginner who dared to learn, analyze, and act with courage." 🚀💼📉

Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions.

This analysis is purely for educational purposes and is not a trading or investment recommendation. I am not a SEBI registered analyst.

Penafian

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