The previous demand zone has been broken by the closing trade. But we responsive buying (according to Market Profile) from the buyers below leaving single prints and ending the day with an upthrust bar. There is a possibility gap up open .
This gap up open shall absorb the immediate supply zone. If failed we may see down fall, else stock will spend some time on yesterday supply zone and move up.
This gap up open shall absorb the immediate supply zone. If failed we may see down fall, else stock will spend some time on yesterday supply zone and move up.
Comment:
gapped up and resisted now as said
Trade closed: target reached:
The stock has fallen down by 50 rs in 3 days