The recent action is about patience and structure — the kind of move that often builds the foundation for the next big move.
📊 What’s Happening on the Chart?
- Trendline Breakout: After months of trending lower, price finally broke above its falling trendline — a signal that sellers were starting to lose control.
- Structure Shift: Not long after the trendline breakout, price took out a key lower high. That’s your textbook sign of a potential trend change from bearish to bullish.
- Support Found at Demand: Before all this, the stock found solid footing at a strong Weekly + Daily Demand Zone — a level where buyers stepped in with confidence.
- Now Back to Demand (But Quietly): After the breakout, price is now calmly pulling back into a nearby demand zone — and it’s doing so on low volume. That’s typically a good thing; it shows there’s no panic selling, just a quiet retracement.
🧠 Why This Matters
This kind of setup often catches traders off guard. The breakout already happened, the volume confirmed it — but now the market is “retesting” the move, checking if the breakout is for real.
Here’s why this zone is worth watching:
- Pullbacks on low volume into demand are often healthy — it means sellers aren't in control.
- If buyers show up again, especially with a bounce or bullish candle, it could confirm the next move higher.
As long as this demand zone holds, the larger structure stays positive.
🔍 My Closing Take
It’s easy to get caught up in the breakout hype, but sometimes the real opportunity is in the retest — when most people stop watching. If this zone holds and price starts moving with momentum again, it could be a sign of strength returning.
🔥 "Patience and preparation turn market uncertainty into opportunity." 🔥
This analysis is shared for educational purposes only and is not a trading or investment recommendation , as I am not a SEBI registered Analyst.
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Related publications
Disclaimer
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