NSE:BHEL   BHARAT HEAVY ELECT
Two Strong BEARISH Patterns BAT & AB=CD Forming Strong POTENTIAL REVERSAL ZONE
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. as High volume shows interest to the upside from “Smart Money” so prices may go higher.
SET UP BECOMES VALID ONLY when Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.