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📊 Long term view on IBULHSGFIN 📊
NSE:IBULHSGFIN
🔴Price holding at the Demand Zone for a long time.
🔴Right now three consecutive consolidation candles are formed at the demand zone and above the Diagonal support line.
🔴So far price has been responding to all the diagonal support and resistances.
🔴We can buy at the demand zone while consolidation happens or we can wait till break out happens.
🔴If the current demand zone is engulfed, we can see some bearish move till the next demand zone which I have mentioned in the chart.
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
🔴Price holding at the Demand Zone for a long time.
🔴Right now three consecutive consolidation candles are formed at the demand zone and above the Diagonal support line.
🔴So far price has been responding to all the diagonal support and resistances.
🔴We can buy at the demand zone while consolidation happens or we can wait till break out happens.
🔴If the current demand zone is engulfed, we can see some bearish move till the next demand zone which I have mentioned in the chart.
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
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