⚡ Price Analysis:
1️⃣ Price is starting to form a higher low base formation.
2️⃣ Good strong candle formation is needed for further upside move.
3️⃣ Volume: If accompanied by rising volume, this price move confirms genuine bullish interest and possible institutional participation.
4️⃣ The marked blue zone should act as a demand zone.
✨ Key Observations:
➡️ Retest Opportunity: Retest of the ₹4,500 level can serve as an accumulation zone for bullish continuation trades.
➡️ Trade Expectation: As long as price remains above support with strong candle closes, positive bias maintained. Watch for follow-through volume and avoid chasing if there’s low volume on further breakouts.
⚠️ Disclaimer: This is NOT a buy/sell recommendation and is for educational purposes only. Please do your own due diligence before trading or investing! ⚠️
💬 Share your thoughts and insights below!
🔥 Trade Safe! ✅🚀
1️⃣ Price is starting to form a higher low base formation.
2️⃣ Good strong candle formation is needed for further upside move.
3️⃣ Volume: If accompanied by rising volume, this price move confirms genuine bullish interest and possible institutional participation.
4️⃣ The marked blue zone should act as a demand zone.
✨ Key Observations:
➡️ Retest Opportunity: Retest of the ₹4,500 level can serve as an accumulation zone for bullish continuation trades.
➡️ Trade Expectation: As long as price remains above support with strong candle closes, positive bias maintained. Watch for follow-through volume and avoid chasing if there’s low volume on further breakouts.
⚠️ Disclaimer: This is NOT a buy/sell recommendation and is for educational purposes only. Please do your own due diligence before trading or investing! ⚠️
💬 Share your thoughts and insights below!
🔥 Trade Safe! ✅🚀
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.
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.