HERO MOTOCORP Ltd.--- High Probability Reversal Setup based on (Power of 3) concept of ICT Strategies.
Timeframe - Daily
Current Price -- 4396
Projection -- High Probability Reversal Setup after Manipulation phase.
Price Action Overview ---
Stock is currently Respecting higher time frame Orderblock just after Accumulating Liquidity in its sideways Range.
Orderblock Zone -- 4390-4500
In retailers term, It is rejecting upside Resistance or Orderflow zone of 4380-4500 Levels.
Liquidity & POI Zone --
Immediate Liquidity is resting in orderblock zone of 4400-4500
Volume Imbalance ---
Downside Unmitigated Liquidity is resting in Volume Imbalance zone of 3800-3920 Levels.
RSI ---
1st Divergence observed at bottom From March to April period which showed bullishness and market moved upside.
2nd Divergence observed at Upside from 20 may to Mid july period which now shows bearishness and market likely downside.
Final Projection for 2-3 months View -----
Main Target (High Probability)
-- Price likely to grab Orderblock Liquidity (4390-4480) to manipulate retailers.
-- After rejection and Clear Market structure shift on lower time frame, Entry module will be confirmed.
-- From entry Module a Sell position expected towards downside Volume Imbalance zone as marked as Distribution.
-- Entry Module --- In the Orderblock zone price levels (4390-4480)
-- Target projection --- Volume Imbalance Zone (3850-3930)
-- Exit Area --- If stock continue going upside without giving any market sturcutre shift then avoid above 4600.
This setup is just reflecting the POWER OF 3 Concepts -- Accumulation >>>>>> Manipulation >>>>>> Distribution.
it means that first stock accumulates large liquidity and then gives a fakeout or false breakout before giving huge opposite move.
Traders or Investors views or comments are most welcome.
[Disclaimer --- This setup is made just for Educational purpose onlu. Dont consider it as any Investment Idea.
Consult Your Financial Advisor before any investment.)
Regards,
Hit_Analyst
Timeframe - Daily
Current Price -- 4396
Projection -- High Probability Reversal Setup after Manipulation phase.
Price Action Overview ---
Stock is currently Respecting higher time frame Orderblock just after Accumulating Liquidity in its sideways Range.
Orderblock Zone -- 4390-4500
In retailers term, It is rejecting upside Resistance or Orderflow zone of 4380-4500 Levels.
Liquidity & POI Zone --
Immediate Liquidity is resting in orderblock zone of 4400-4500
Volume Imbalance ---
Downside Unmitigated Liquidity is resting in Volume Imbalance zone of 3800-3920 Levels.
RSI ---
1st Divergence observed at bottom From March to April period which showed bullishness and market moved upside.
2nd Divergence observed at Upside from 20 may to Mid july period which now shows bearishness and market likely downside.
Final Projection for 2-3 months View -----
Main Target (High Probability)
-- Price likely to grab Orderblock Liquidity (4390-4480) to manipulate retailers.
-- After rejection and Clear Market structure shift on lower time frame, Entry module will be confirmed.
-- From entry Module a Sell position expected towards downside Volume Imbalance zone as marked as Distribution.
-- Entry Module --- In the Orderblock zone price levels (4390-4480)
-- Target projection --- Volume Imbalance Zone (3850-3930)
-- Exit Area --- If stock continue going upside without giving any market sturcutre shift then avoid above 4600.
This setup is just reflecting the POWER OF 3 Concepts -- Accumulation >>>>>> Manipulation >>>>>> Distribution.
it means that first stock accumulates large liquidity and then gives a fakeout or false breakout before giving huge opposite move.
Traders or Investors views or comments are most welcome.
[Disclaimer --- This setup is made just for Educational purpose onlu. Dont consider it as any Investment Idea.
Consult Your Financial Advisor before any investment.)
Regards,
Hit_Analyst
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Disclaimer
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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.