GULSHAN POLY: Expecting strong bounce
⚡️Price Analysis:
1️⃣ Approaching major support level with heavy volume interest
2️⃣ Multiple tests of demand zone showing strong accumulation
3️⃣ EMAs aligned bearishly - indicating selling momentum
4️⃣ Historical support zone coinciding with current levels.
✨ Key Observations:
➡️ Strong demand zone providing multiple bounces
➡️ Trendline break can trigger further continuation for trend reversal
➡️ Multiple timeframe support convergence at current zone.
➡️ RRR looks favorable with 1:3RRR
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Comment down your thoughts below ✌️
🔥 Happy Trading!✅🚀
1️⃣ Approaching major support level with heavy volume interest
2️⃣ Multiple tests of demand zone showing strong accumulation
3️⃣ EMAs aligned bearishly - indicating selling momentum
4️⃣ Historical support zone coinciding with current levels.
✨ Key Observations:
➡️ Strong demand zone providing multiple bounces
➡️ Trendline break can trigger further continuation for trend reversal
➡️ Multiple timeframe support convergence at current zone.
➡️ RRR looks favorable with 1:3RRR
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Comment down your thoughts below ✌️
🔥 Happy Trading!✅🚀
Anubrata Ray ⚡
Anubrata Ray ⚡
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.