This chart of Nagreeka Exports Ltd. highlights key areas for educational purposes:
Break of Structure (BoS): The price has broken above a key resistance level, which is indicated by the yellow horizontal line. This suggests a potential shift from bearish to bullish sentiment.
Displacement: A notable upward move is highlighted, showing strong momentum after the break of structure. This area indicates where buyers entered aggressively.
Liquidity Zone: The upper yellow line marks a potential liquidity area around INR 58.81, where price might target as it approaches this zone.
Support Zone: A gray box drawn near the INR 40.10 region shows a potential area of support, where price may find demand if it retraces.
Volume Indicator: The decreasing volume trend labeled as "DEAD VOL" suggests that current price moves might lack conviction, indicating caution.
RSI Indicator: The RSI is near 60.83, showing potential strength but not in overbought territory yet.
Keep on Radar: This stock could be kept on the radar for potential long trades if it continues to show bullish momentum. However, watch for price action near the liquidity zone and volume levels to confirm strength or weakness.
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