What I’m Observing
* Price has moved back toward a previously tested resistance area around the 160–165 zone.
* Multiple candles are interacting with this region, suggesting it is an important decision area for market participants.
* Recent price action shows improving momentum compared to the prior swing low.
Possible Scenarios
Bullish Scenario
* Price holds above the highlighted resistance zone after a breakout.
* Follow-through volume and higher highs could support further upside exploration.
Neutral/Bearish Scenario
* Failure to sustain above resistance may result in range-bound movement or a retest of lower support levels.
Risk Management
* Always wait for your own confirmation signals.
* Use position sizing and risk management according to your trading plan.
* Markets can behave unpredictably, and no setup guarantees a specific outcome.
Disclaimer:
This idea is shared for educational and market-discussion purposes only. It is not financial or investment advice. Please conduct your own research before making any trading decisions.
#SwingTrading #PriceAction #Breakout #Resistance #DailyChart #MARKOL #IndianStocks
This format is usually accepted better on TradingView because it focuses on chart observation rather than making promises or direct buy/sell calls.
* Price has moved back toward a previously tested resistance area around the 160–165 zone.
* Multiple candles are interacting with this region, suggesting it is an important decision area for market participants.
* Recent price action shows improving momentum compared to the prior swing low.
Possible Scenarios
Bullish Scenario
* Price holds above the highlighted resistance zone after a breakout.
* Follow-through volume and higher highs could support further upside exploration.
Neutral/Bearish Scenario
* Failure to sustain above resistance may result in range-bound movement or a retest of lower support levels.
Risk Management
* Always wait for your own confirmation signals.
* Use position sizing and risk management according to your trading plan.
* Markets can behave unpredictably, and no setup guarantees a specific outcome.
Disclaimer:
This idea is shared for educational and market-discussion purposes only. It is not financial or investment advice. Please conduct your own research before making any trading decisions.
#SwingTrading #PriceAction #Breakout #Resistance #DailyChart #MARKOL #IndianStocks
This format is usually accepted better on TradingView because it focuses on chart observation rather than making promises or direct buy/sell calls.
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.
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.