A sign of Tremendous Buying Pressure after Fall. (Tutorial)
Hello Traders,
Please keep this lesson in Mind always. In Mahindra and Mahindra we can see that on 25th and 27th January stock opens at lower levels but closing are green this sign shows that buyers are active and bears are confused and not taking any positions. Also, on 27th January opening of candle is below and closing is above previous candle. Which shows that bulls are taking over bears. Here, all these things is happening at the support line of Triangle pattern.
Keep Trading. Good Day.
Please keep this lesson in Mind always. In Mahindra and Mahindra we can see that on 25th and 27th January stock opens at lower levels but closing are green this sign shows that buyers are active and bears are confused and not taking any positions. Also, on 27th January opening of candle is below and closing is above previous candle. Which shows that bulls are taking over bears. Here, all these things is happening at the support line of Triangle pattern.
Keep Trading. Good Day.