coforge is facing price rejection around this levels
new comers might consider this as fresh breakout
but probably looks like will be fake breakout and will reverse sharply
waiting for reversal confirmation
this can be probable short candidate....
Low Risk High Return
Morning Star Formation in Voltas Shares
Strong Support zone since 2017
Trend Reversal
Price Action
First Target 450
Next Target 475
If Sustains High Upside
Stop Loss 425
The last pin bar is showing price rejection.
Rejection zones are areas where there is no equilibrium in price. The asset is either over or under valuating, meaning that the market might be oversold or overbought. It's important to spot these rejection zones to know when to avoid a trade and where the key pullbacks are.
Maintain stop loss