Observations::
-------->> the stock is trending downwards in daily time frame.
--------->> created a demand zone @1230 range.
---------->> now the stock price is trading @ 1280 level, facing resistance several times,
if price gives break above this levels we will observe a strong momentum towards upside is possible.
if again falls from this place we will buy @ 1230 range.
-------->> the stock is trending downwards in daily time frame.
--------->> created a demand zone @1230 range.
---------->> now the stock price is trading @ 1280 level, facing resistance several times,
if price gives break above this levels we will observe a strong momentum towards upside is possible.
if again falls from this place we will buy @ 1230 range.
Comment:
Breakout given, if its a false breakout we sell on below resistance again.
