Balaji Amines swing trading analysis.
Today, the stock has made an attempt
to move above this selling zone.
But see how the selling pressure
came into existence.
See the upper wick is so high than
it's the body. It is clearly indicating
the supply is still there and should be absorbed.
This is a strong supply zone and
as stock entered into this zone ppl are selling.
A huge volume is needed
to breach this selling zone.
Today, the stock has made an attempt
to move above this selling zone.
But see how the selling pressure
came into existence.
See the upper wick is so high than
it's the body. It is clearly indicating
the supply is still there and should be absorbed.
This is a strong supply zone and
as stock entered into this zone ppl are selling.
A huge volume is needed
to breach this selling zone.