Supply Zone is one from where extreme sell off happens . It's a zone where the sellers are extremely strong , defeating the buyers and pull the prices down. On this chart , we can see that here has been an extreme sell off from the supply zone , on two instances . This is third time , the price is approaching the Supply Zone/Resistance again with weak sellers. The...
Maruti has already made a double top pattern previously followed a continuous move towards up, and formed a curve where buyers and sellers were both confused where the direction of the stock is? After forming a double top pattern the stock has moved towards down direction. At current level it is forming a disjoint channel, and the stock is moving near the...
------------------------------Price Action vs. Volume!------------------------------------ Let's talk on the left to the right side: 6th and 5th candles : wide body with normal tail and 3x volume which means buyers . 4rd Candle, Volume less compared to 5th and 6th candle and price falling: Clearly showed that something is cooking a nd till price can move...