BirlaMoney: Overcame Supply zone ( W pattern trading)
A parallel price action zone between 32 to 40.. Price rarely moved out of this zone & any move beyond the zone rejected sharply.
There are multiple attempts to cross the 40 but every time rejected violently.
Once price fell out of 32 support zone .. It corrected sharply following the bullish W pattern.
Now there is another attempt & price is above this zone.. Good volumes are appearing in the chart which indicates this time it could break the barrier,
Target would be 52 rs.
There are multiple attempts to cross the 40 but every time rejected violently.
Once price fell out of 32 support zone .. It corrected sharply following the bullish W pattern.
Now there is another attempt & price is above this zone.. Good volumes are appearing in the chart which indicates this time it could break the barrier,
Target would be 52 rs.
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