Two gap up openings at the same level on zeel price chart

Zeel price chart has created two gap ups at the same level. this zone has acted as either resistance or support at many points on the chart indicating a strong supply/demand zone.
Two gap formations at the same level with almost the same open & close is a rare phenomenon.
Keep an eye on this level for deploying any trade.

This is just an observation. Support and resistance are used in most of the strategies and this level can prove to be a strong demand zone.

Kommentera:

Price is holding the support marked on the chart above, but for swing trade purposes, we haven't received a buy signal yet.
It's trading in a range above the gap.

Key levels to watch are marked on this chart. Will update if we find a suitable entry point.