Stock made a gap down candle post results
Followed by 3 base candles and a bullish initiation candle
Volume data suggest it may be the climax of down trend
If stocks gives a pull back till 1885 -1910 levels and tries to go up again
High chance it will go up to 2100- 2150
2nd possibility may be it will accumulate here itself before going up
if so happens it is bound to resist at 2100 - 2150 and fall again a little as that area happens to be a gap resistance
Post that 2250 is possible
Volatility is at peak, Market overall sentiment is consolidation
Be cautious before taking trade
Make sure to take confirmations from LTF
Followed by 3 base candles and a bullish initiation candle
Volume data suggest it may be the climax of down trend
If stocks gives a pull back till 1885 -1910 levels and tries to go up again
High chance it will go up to 2100- 2150
2nd possibility may be it will accumulate here itself before going up
if so happens it is bound to resist at 2100 - 2150 and fall again a little as that area happens to be a gap resistance
Post that 2250 is possible
Volatility is at peak, Market overall sentiment is consolidation
Be cautious before taking trade
Make sure to take confirmations from LTF
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