GAIL in the past couple of sessions, made multiple attempts to kick out the resistance zone of 105-110 it failed will it be successful now? and make a move towards 140?
as per setup the earlier resistance got cracked out with volumes during the current nifty down move, the stock witnessed support at 800-820 zone now a breakout above 875 would be a confirmation of long with a stop below 845 for target 925-940.
trading above 20 & 50-period average trading now well above earlier resistance areas should approach previous hurdles at 4225, which if sustained can continue towards 4450-4480
The price action of LTIM suggests that it is in consolidation for a couple of months. the supply and demand are now in a 10-12% range. the script had attempted fake-outs in the past as well which failed at trendline resistance areas. LTIM needs to give a close above this level for any decisive move Failure to close above 4800 makes it a strong resistance...
back test trend line with RSI and MACD and cross over 60 in 15 min and 5 min best result....
No trade , no liquidity for selling and supply zone. And there is no BOS for buying
OANDA:GBPUSD No Trade on this day. As there is no supply zones with liquidity for sells.
continuously making patterns, breaking out quickly and then consolidating and breaking out again. follow the past pattern and back test it. keep watching!!