jahanshah11

jahanshah11 Updated 

the chart indicates a clear change in character and a pump in volume which means institutional buying, the price has retraced back to order block ( the original buying price ) with volume dry up specifying the institutions are still holding. This may result in another displacement of price on the up side due to imbalance of demand and supply

jahanshah11

NSE:HIKAL experienced a displacement and currently the price is mitigating to the Fair Value Gap and trading around the Fibonnaci golden ratio, this suggests another bullish movement.

jahanshah11

In the chart, the price has retraced back to its original point of displacement ( where the price saw a sudden spike ), followed up with volume dry up indicating the institutions might still have some pending orders in the market waiting to be executed at the same price.