Here the chart is showing supply exhaustion and can now give a trending move in either direction. The stoc is coming out of both a monthly and weekly FVG so the probability is higher. Further more the stock is in the defense sector, which is is focus. Can be an interesting play no buy sell reco NSE:GLOBALVECT
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
NSE:GLOBALVECT
Only if this scenario plays out in the upcoming days...
If the price touches the buy zone then it can be a perfect setup.
*Not a financial advice.
I paint charts.
My charts speaks louder than words.
