WHAT is, 1.VAH& VAL- The upper limit of the Value Area is called Value Area High (VAH), while the lower limit is referred to as Value Area Low (VAL). These levels can serve as potential entry and exit points for trades.
2.POC- The price level for the time period with the highest traded volume.
-As we can see, since last year Trident is doing HH and HL. (Bullish) -After using Fixed Range Volume Tool for both long and medium time periods we have find that 36-37 Rs is where long term VAH volume and medium term POC + 100 Ema is also meeting at same price and creating strong support. -Today's price movement is confirming strong support at 36-37 Rs.
So, with a SL of 32.40 (Prev HL) We can LONG Trident for Medium Term.
Thank You! Have A Good Day!
Comment
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As I mentioned 36 to 37 Price level has highest volumes and Today by maintaining price above 37 buyer proves their strength.