also there is a support at 294 becayse of gap up , right ?
Tarun_Kumar98
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@naronesomesh40, Yes. Daily candle also Hammer with good volume.
naronesomesh40
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@Tarun_Kumar98, can you please tell me how to draw support or resistance at hammer candle, I have searched it but didn't find it ,
Thank you for replying
Tarun_Kumar98
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@naronesomesh40, Support and resistance is not drawn for one candle. Support and resistance is drawn at accumulation. Or when there some rejection or support of price at a particular level multiple times.