Observations: -------->>After a strong bullish gap up price moved to upside strongly. --------->> Now price is at Resistance and sellers are aggressively taken the charge to move the price back to 440 zone, where previous resistance broken strongly. If previous resistance acts as a support we will expect a price to move upwards again from 440. --------->> Consolidation+ Rise is observed. ---------->> Keep an eye on these levels.
yesterday it happens in HDFCBANK,Breakout at 1700 falls below the 1650 levels.
subhasisj748
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great sir great 👌👌👌👌
IIT-Trader
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thanks for comment,price clearly broken the resistance,now I wait for the price to come back to the same zone,if it is a false break out price falls back to below levels,if its a perfect breakout price again moving upwards again.most of the time it happens.