Bigger Picture:-
Supply & Demand Zones are marked on the chart.
Supply Zone in Red.
Demand Zone in Green.
If Breakout above 49000 - Target 62500 - Stoploss 45000
If Breakdown below 44500 - Target 31500 - Stoploss 48500
Some Volume is seen in Buying.
However good volume is required for Breakout to sustain.
Reversal area is market with a yellow line.
Rounding Bottom can be seen as Blue shaded area.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered.
Happy Trading :-)
Supply & Demand Zones are marked on the chart.
Supply Zone in Red.
Demand Zone in Green.
If Breakout above 49000 - Target 62500 - Stoploss 45000
If Breakdown below 44500 - Target 31500 - Stoploss 48500
Some Volume is seen in Buying.
However good volume is required for Breakout to sustain.
Reversal area is market with a yellow line.
Rounding Bottom can be seen as Blue shaded area.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered.
Happy Trading :-)