Decoding JAMNA AUTO: Demand Zone, CT Break & Patterns

459
🔹 Left Side (Weekly Timeframe - WTF)
-The white downward line marks the counter-trendline (CT) break, showing the first sign of momentum shift.
-The dashed white upper line connects the higher highs, forming part of a broadening structure.
-Strong volumes when price moves up and drop in volumes when price goes sideways shows that there is no volume price divergence

🔹 Right Side (Monthly Timeframe - MTF)
-The orange boxes highlight historical supply-demand confluence points where the stock has repeatedly reacted.
-The larger yellow zone represents the major demand zone, which price has respected and consolidated above.
-Price action shows a clear conversion from supply → demand.

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.