Logic: RVNL has started uptrend, followed by a demand zone on the daily.
The zone lines around 50% of the previous week bullish candle which may be considered a good retracement level.
The demand zone zone formed may act as a netter retracement level and a long opportunity.
A equivalent better demand zone lies on 25 min time frame right above the daily which can act as a turning point of prices.
Keep strict Stop loss and target of 1: 3
The zone lines around 50% of the previous week bullish candle which may be considered a good retracement level.
The demand zone zone formed may act as a netter retracement level and a long opportunity.
A equivalent better demand zone lies on 25 min time frame right above the daily which can act as a turning point of prices.
Keep strict Stop loss and target of 1: 3
#Take proper position size
#Safe trading
#Safe trading
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.
#Take proper position size
#Safe trading
#Safe trading
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.