The global cues lately have not been the best and markets are correcting quite aggressively lately. BankNifty has corrected a little over 15% and Nifty close to 10%
The pattern I am observing now is a triangle pattern, with both an upside possibility as well as downside.
The trade plan:
Entry upon breakout above higher trendline (36,650)
ZEEL has been falling for a long time now. Apparently in the form of a Down-Sloping Channel. Recently its rising in an upsloping channel and has given a proper breakout from the long-term downsloping channel.
Volume Profile can be used to identify potential support and resistance lines. So by using TRADINGVIEW PRO FIXED RANGE VOLUME PROFILE . I tried to identify...