Hi Traders/ Investors, In my last week post of this stock , I mentioned is quoting for your consideration " if dotted red line does not fulfill the condition of taken out then price will be range bound between red zone and this dotted line." You can see the price remained range bound between two given limits. why price did not break this zone whole week it has sufficient time to break because the move manifested in such a way that it itself prove to be worthy almost one month back. Now see i circled in green that is piercing pattern on good tested support not activated yet but if next trading session close is above the high of last candle then it will be activated. Green arrow is direction not the entry point as assumed by one of my followers and gets himself in panic situation in one of the indexes . So red carefully till you understand the conditions. If find difficulty then write in comment box there are many experienced traders who are always ready to help. As they have good habit to visit comment box and see all conversation for the point of view of learning new concept of market by my replies and your fantastic educational questions. I see if price takes out red dotted line then white box is my target. Rest market will decide.
YOGESH VATS Note. All investing and trading should be done with the consultation of your financial planner.
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