JLHL - A detailed Price action observation

Apr 28

JLHL
Jupiter Life Line Hospitals Ltd - A detail price action observation

⚠️ DISCLAIMER :
I am NOT a SEBI-registered investment advisor. This is a personal technical observation for educational purposes only. It is NOT a recommendation to buy, sell, or hold any security. Trading involves substantial risk of loss. Consult a SEBI-registered advisor before making investment decisions.

1. From 52 W high, price was arrived at area of origin from where past move get originated
2. First sign was high volume (Point A)
3. Selling Pressure was felt vanished may be due to passive buying
4. Price Run 10% in few session due to lack of liquidly - 3rd Sign (B to C)
5. Price moved down with drying volume & returned to B point but not broke (D)
6. From D another fast move towards C and made Sweep - Validating Big Player positioning (E)
7. Price intermediately come down with low to high volume in between E to D range
8. Again Price shown a shake out type move to grab liquidity (D1)
9. Till then price slowly shifting up with low volume
10. Within consolidation, RSI expressing strength

Conclusion
Drawn gray area is possibly an area of absorption since Point B with active as well as passive buy orders possibly triggered, so we may concludes an accumulation is going on silently.

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[Please Read Following Carefully again]

NOT A RECOMMENDATION: This post is strictly for educational purposes to demonstrate price action principles and observation skills. I am NOT a SEBI-registered Investment Advisor or Research Analyst. Many time I was proven failed in past.

NO CALL TO ACTION: Do not treat this as a "Buy," "Sell," or "Hold" instruction. No specific price targets or stop-loss levels are being provided.

MARKET RISK: Equity investments are subject to market risks. Past performance and chart patterns do not guarantee future results.

PERSONAL DISCLOSURE: I may have a personal interest or position in this stock. My views are personal and should not be used as a basis for financial decisions.

ADVICE: Always consult a qualified and SEBI-registered financial professional before investing your capital.

May 15

Trade active

Worked as expected and predicted till now.
EMA 200 is a hurdle as of now, so possibly price may see a pullback within breakout or return to test breakout price. Then possibly power up move may start.
Chart update is as below

Jun 11

Note

Not seeing any weakness but keep showing its strength in weaker market.