Bharat Forge - Bullish Popgun Pattern near strong S&D Area

已更新

Volume Price Analysis
Below are the findings on the basis of Volume Price Analysis on

Stock is clearly on pullback structure formation till it breaks the low of WRC "A" with at-least average volume.
Once the low of WRC "A" is broken down, stock will also out form the ascending parallel channel. And it may be either for excess trade or real-broke-down.
Volumes are the important pillars to give a clear hint of price activity. So, we will keep close monitoring on it in coming time.

For Smaller Opportunities (Day Trading Setup)

Considering the Bullish Popgun Pattern on Daily Time fame chart, we may plan for a setup: -
Entry - 462.5 above if price get sustained
Resistance(S&D area) is around 472
Next Strongest Resistance(S&D area) is around 487-490.

Note:
Whenever you study, do it with all angles, open-minded and unbiased; And considering this thought, we should also have view of: -

Sometimes near or at Strong S&D area direction movement get halted, paused and even throw-back. Considering this, one need to be very cautions on it as it may or mayn't be that throw-back!
All this information is just for knowledge purposes and not for trade.

註釋

Trade Activated. Today's entry made @465