ADANIENT:: this stock is recently broken the trendline.... to confirm clear short side wait for the price to break the support and retest of the support. on topside if price continues by breaking the resistance at 3280, it will reach next resistance at 3380, then look for sell here, find short opportunities in this stock...end of bullishness.
this stock is trending downwards.. now the price is at support zone... keep in short as long as price breaks this trendline... if it failed to break the trendline it will continue its fall... keep safe before short... On bottom side we have a demand zone lies at 1900 levels... look for buy ,if price comes back to the support. on topside we have a strong resistance...
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure...
Price has reaced to a Monthly Supply @ 2665.00 It has to come into Monthly Demand @ 1944.00 After reacting to a Monthly Supply Price has formed a Weekly Supply which should drive the Price till the Monthly Demand The Reward to Risk Ratio is slightly more than 3:1 Hence Short Enjoy the Ride !!!
Observations:: Drop base drop is observed now stock price @ base, but no sign of bearishness... after showing bearish again consolidation... may again goes bullish or reversal we have to wait for confirmation. If base acts as resistance price again falls. we have demand zone @ bottom price will test that zone but not immediately...slow process is going to observe....