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