ELECTROSTEEL CAST - W formation!

已更新

Overview & Observation:

1. Beautiful Double bottom formation.
2. Prices are showing weakness currently.
3. Might see some strength build up later once it starts moving ATH (200 levels)

Trade Plan:
1. Just keeping it on my radar and will observe its price behaviour in coming weeks...

- Stay tuned for further insights, updates and trade safely!

- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!

Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.

Thanks & Regards,
Anubrata Ray

注释

Volume Profile:

注释

Boom! 🔥🔥

Considering the overall situation price might show some weakness and come down to the lower level breaking then channel and reverse. But for now bullish views are intact.

注释

- Price failed to sustain at the higher levels.
- Exactly from the TP levels the price reverse completely.
- Current outlook : Price might tap the demand zone below and then only we might look for bullish views after confirmations