On the daily chart of HCL Technologies, we can observe a strong breakout above a resistance zone that was tested multiple times. Following the breakout, the price has pulled back to the flip zone, presenting a potential swing trading opportunity.
For an entry, it is advisable to wait for the close of a strong bullish candle near the flip zone before going long....
NTPC has given a strong breakout above a resistance zone that was tested multiple times and is now approaching a retest of this zone, which is expected to act as a support zone. Based on this setup, a swing trade opportunity may be considered.
Entry: A long position can be initiated after the close of a strong bullish candle near the flip zone.
Stop Loss: A stop...
**Near the demand zone or flip zone(5850-6000)
**under 200 ema ( a little bearish zone)But if it take support from demand zone(5700-6000) then there is a higher probability
that it will be above 200 EMA in upcoming weeks.
**2nd time near demand zone(...
Price crashed through 5 min demand zone, and start retesting this FLIP Zone from below.
After third retest and confirmation with bearish engulfing candle, took a short trade.
Target would be next level of previous Supply Zone turned a FLIP zone.