The stock formed alt bat pattern on its 15 min chart, suggesting a supply zone around 337-340 levels, which was further confirmed by the price action that the supply does exist there.
I am considering New Buying either above 340 levels, or at the support levels if the stock retraces some of its previous move from 310- 336.
Strong support stands at 319-320.
Since the structure of the stock is bullish on the higher time frame, keep an eye on price action on a lower time frame to check if the stock creates any new support levels in between 320-340 levels.
I am considering New Buying either above 340 levels, or at the support levels if the stock retraces some of its previous move from 310- 336.
Strong support stands at 319-320.
Since the structure of the stock is bullish on the higher time frame, keep an eye on price action on a lower time frame to check if the stock creates any new support levels in between 320-340 levels.