Many people ask me how to find a crucial support area now this it a perfect example of it , It is not an recommendation It is just an observation.
If you see here the zone of 1250 to 1260 is a crucial support zone which is tested for more than four times.
The overall trend of this stack looks sideways.
This is a perfect scene if you find and trade a reversal trade at support zone.
This is the way you should shortlist your stocks for playing reversals.
In earlier Idea of this stock (Check Out in comments) I want to play a major consolidation breakout but now it is better to find a reversal setup.
( Remember I am not telling you to buy this share , as no buying setup is there It is just for those people who want me to explain how I shortlist a stock and make a view on it before finding any buy sell setup)
If you see here the zone of 1250 to 1260 is a crucial support zone which is tested for more than four times.
The overall trend of this stack looks sideways.
This is a perfect scene if you find and trade a reversal trade at support zone.
This is the way you should shortlist your stocks for playing reversals.
In earlier Idea of this stock (Check Out in comments) I want to play a major consolidation breakout but now it is better to find a reversal setup.
( Remember I am not telling you to buy this share , as no buying setup is there It is just for those people who want me to explain how I shortlist a stock and make a view on it before finding any buy sell setup)
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support zone breached
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