NAHARSPING trade ideas
NAHARSPINGHi guys,
In this chart i Found a Demand Zone in NAHARSPING CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
NAHAR SPINNING MILLS - Case studyNAHAR SPINNING MILLS - Case study
Watch the following characteristics -
1. Stock made a massive rally accompanied with good bullish volumes.
2. Stock corrected more than 60%, however the bear volumes are extremely low in bringing the price down (Good sign).
3. Stock accumulated for 3 months inside Wyckoff accumulation.
4. Breakout & retest from structure.
VERDICT - Stock can reclaim it's original high in medium term.