VIP industries - Sitting at the confluence zone
Category: Reversal trade
Key Highlights:
1. Bullish market structure on HTF
2. Tapped into the demand zone
3. Turning the previous swing level into a support
4. Rebound from 200 MA
5. Creating a confluence zone of swing level + demand zone + 200MA
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (johntradingwick)
NSE Certified Technical & Fundamental Analyst
Key Highlights:
1. Bullish market structure on HTF
2. Tapped into the demand zone
3. Turning the previous swing level into a support
4. Rebound from 200 MA
5. Creating a confluence zone of swing level + demand zone + 200MA
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (johntradingwick)
NSE Certified Technical & Fundamental Analyst
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
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