UPL Monthly/Weekly/Daily supply zone 505-606
cmp:445 19Aug2020 Price is just approaching towards the supply zone stradly in a steady uptrend
Pro:
1. good Location(Monthly) structure with 2 exciting candles
2.Levels over levels in weekly chart inside same weekly zone
con:
1. Execution daily only 1 exciting candle and there is no basing.(so confidence is low)
2.few( but not not so many) trading activity on the left in daily candles
3. Stock is in steady uptrend, so it might not drop again more
4.zone is big
cmp:445 19Aug2020 Price is just approaching towards the supply zone stradly in a steady uptrend
Pro:
1. good Location(Monthly) structure with 2 exciting candles
2.Levels over levels in weekly chart inside same weekly zone
con:
1. Execution daily only 1 exciting candle and there is no basing.(so confidence is low)
2.few( but not not so many) trading activity on the left in daily candles
3. Stock is in steady uptrend, so it might not drop again more
4.zone is big