LTIM at a Critical Daily Demand Zone! Will the Price Bounce?

LTIM is currently at a strong daily demand zone, making this an interesting point for price action traders. This demand zone holds significant importance because it is the origin of the previous rally, which demonstrated a strong imbalance right after its formation.

📊 Key Observations

• Imbalance Confirmation: The prior rally from this zone created a strong imbalance, confirming institutional interest.
  
• Retest of the Demand Zone: Now that price has returned to this key level, there is a possibility of a bounce as demand increases again.
  

If buyers defend this level, we may witness a reversal or at least a temporary reaction from this zone.


🚀 "Patience and discipline make a trader successful. The market rewards those who wait for the right opportunity!"

This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. I am not a SEBI-registered analyst.