Adani E- Squeeze in Price and volume -

19 abr 2023

Price volume volatility has squeeze. A break out either side would lead to a massive move. On the down side the Mother candle, "The Noisy candle of 6 February that led to the massive fall" still not taken out. Triangle pattern correction towards low side indicate that down trend may continue. A price volume squeeze indicate that that a big move is about to take place and could be a trend change. A break out of price below 1600 would indicate a new low. A break out on the upside of the channel would indicate price of 2200 level and beyond. For the upside since the volatility has squeezed, can be sign of a trend change. For the upside would suggest to have a close watch on volume. Suggestions are welcome.