stock was down more than 45% from the top, then the price hits its the demand area( mentioned in the chart)
there was reversal chart pattern( W PATTERN) found in that demand area. this move is very bullish as there is a significant arise in volume
before the rise in volume it is observed that , there was a depletion in the volume when the price was falling down this indicate the absence of significant seller
entry should be taken in 15min time frame on basis of level breakout
Reward:- 10%
risk :- 6%
views are for educational purpose only
there was reversal chart pattern( W PATTERN) found in that demand area. this move is very bullish as there is a significant arise in volume
before the rise in volume it is observed that , there was a depletion in the volume when the price was falling down this indicate the absence of significant seller
entry should be taken in 15min time frame on basis of level breakout
Reward:- 10%
risk :- 6%
views are for educational purpose only