Observations::
the stock broken the trendline in Daily timeframe strongly, and tested the resistance.
the previous resistance is acts as a support and price moved up again, testing the resistance one more time and now its again at the support.
---------->> If this time @ support showing some bullish pressure, if this will continue price will break the resistance easily, and creates a new high.
--------->> we have a previous resistance @ 1500 range, this time it will test this range.
--------->> If price breaks 1300 range and support acts as resistance price falls below level of support @ 1200 range and below.
we have a trendline in smaller time frame as well, if breaks & retest will observe bullishness. Keep track this instrument.
the stock broken the trendline in Daily timeframe strongly, and tested the resistance.
the previous resistance is acts as a support and price moved up again, testing the resistance one more time and now its again at the support.
---------->> If this time @ support showing some bullish pressure, if this will continue price will break the resistance easily, and creates a new high.
--------->> we have a previous resistance @ 1500 range, this time it will test this range.
--------->> If price breaks 1300 range and support acts as resistance price falls below level of support @ 1200 range and below.
we have a trendline in smaller time frame as well, if breaks & retest will observe bullishness. Keep track this instrument.
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--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.