IBULHSGFIN, Role reversal of support & resistance (Study)
IBULHSGFIN has zone highlighted in yellow (251-258) which acted both as support & resistance during last 2 years.
This is beauty of Price Action where role reversal happens as price moves around these zones.
One should focus on identifying support & resistance zones which can come in many forms.
1. Horizontal Lines
2. Trend Lines
3. Fibonacci Levels
4. EMA / SMA
5. Gaps
6. Pivot Points
Correct understanding of SR levels pave a way for successful Price Action analyst.
Also highlighted in this chart is Ascending Trinagle formed by IBULHSGFIN , breakout from the level and then pullback to neck line.
Hope this article help in your learning.
Thanks
Piyush Gupta
Learn & Earn
This is beauty of Price Action where role reversal happens as price moves around these zones.
One should focus on identifying support & resistance zones which can come in many forms.
1. Horizontal Lines
2. Trend Lines
3. Fibonacci Levels
4. EMA / SMA
5. Gaps
6. Pivot Points
Correct understanding of SR levels pave a way for successful Price Action analyst.
Also highlighted in this chart is Ascending Trinagle formed by IBULHSGFIN , breakout from the level and then pullback to neck line.
Hope this article help in your learning.
Thanks
Piyush Gupta
Learn & Earn
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Main TG t.me/priceactionchart
Automated TG : t.me/PriceActionChart_TechHub
Only way to succeed in stock market is by learning Price Action.
WhatsApp : 9717077198
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