ELECTROSTEEL CAST - W formation!

15 Haz 2024

Overview & Observation:

1. Beautiful Double bottom formation.
2. Prices are showing weakness currently.
3. Might see some strength build up later once it starts moving ATH (200 levels)

Trade Plan:
1. Just keeping it on my radar and will observe its price behaviour in coming weeks...


- Stay tuned for further insights, updates and trade safely!

- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!


Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.

Thanks & Regards,
Anubrata Ray

15 Haz 2024

Not

Volume Profile:

11 Ağu 2024

Not

Boom! 🔥🔥



Considering the overall situation price might show some weakness and come down to the lower level breaking then channel and reverse. But for now bullish views are intact.

24 Ara 2024

Not

- Price failed to sustain at the higher levels.
- Exactly from the TP levels the price reverse completely.
- Current outlook : Price might tap the demand zone below and then only we might look for bullish views after confirmations