ELECTROSTEEL CAST - W formation!
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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
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
Nota
Volume Profile:Nota
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.
Nota
- 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
Anubrata Ray ⚡
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