India seems to be in accumulation. The price formed a hammer
on 200 moving averages and took liquidity from the previous support zone
. The volume
expansion was massive but the market structure is still Bearish
. It's too early to say about the follow-up but it would be a good ambush entry if someone is willing to take the risk.
805, 865, 922.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S:This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.