⚡️Price Analysis:
1️⃣ Price testing major EMA confluence demand zone
2️⃣ Double top formation indicating distribution at higher levels although.
3️⃣ However, break below Dz could trigger further downside momentum
✨ Key Observations:
➡️ Strong Dz confluence at current levels (EMA + previous support)
➡️ FMCG sector is also expected to bounce back
➡️ Multiple failed attempts at highs created strong resistance
➡️ Market volatility impacting price action significantly
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your view on FMCG stocks? Share below! ✌️🔥 Happy Trading!✅🚀
1️⃣ Price testing major EMA confluence demand zone
2️⃣ Double top formation indicating distribution at higher levels although.
3️⃣ However, break below Dz could trigger further downside momentum
✨ Key Observations:
➡️ Strong Dz confluence at current levels (EMA + previous support)
➡️ FMCG sector is also expected to bounce back
➡️ Multiple failed attempts at highs created strong resistance
➡️ Market volatility impacting price action significantly
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your view on FMCG stocks? Share below! ✌️🔥 Happy Trading!✅🚀
Transaction en cours
Price Tried to hold the zone but failed, overview changed.
Anubrata Ray ⚡
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Anubrata Ray ⚡
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.