Observations::
---------->>Price opened gap up and observed a strong fall with consolidation.
---------->> the previous supply zone clearly resisting the price to go down, witnessed buyers failed to take the price to higher levels.
---------->> Hence the price is still closed in the range of 43600-43400.
If tomorrow price breaks this level, we will observe a strong fall towards 43000,43100 levels, if price again breaks 43000 levels, 42850 level acts as a pullback to 43000-43100 level, at this level previously strong sell off is observed, here(43000-43100) if again strong push to the down side happens price falls below 42850,up to 42400 levels.
---------->> we have an untested demand zone @42400 will push the price upwards again.
---------->> Be careful at 43000-43100 and 42500-42400 levels.
--------------------------------------------------------------------------------------------------------
consolidation + gap = fall again ,if price opens above 43600 levels, look for sell opportunity at 43800-43900 levels.
---------->>Price opened gap up and observed a strong fall with consolidation.
---------->> the previous supply zone clearly resisting the price to go down, witnessed buyers failed to take the price to higher levels.
---------->> Hence the price is still closed in the range of 43600-43400.
If tomorrow price breaks this level, we will observe a strong fall towards 43000,43100 levels, if price again breaks 43000 levels, 42850 level acts as a pullback to 43000-43100 level, at this level previously strong sell off is observed, here(43000-43100) if again strong push to the down side happens price falls below 42850,up to 42400 levels.
---------->> we have an untested demand zone @42400 will push the price upwards again.
---------->> Be careful at 43000-43100 and 42500-42400 levels.
--------------------------------------------------------------------------------------------------------
consolidation + gap = fall again ,if price opens above 43600 levels, look for sell opportunity at 43800-43900 levels.
Note
Drop -base-dropNote
In consolidation look for smaller targetsNote
consolidation + up = Sell side on trendline break.
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.