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Supplyzonebreakout

CENTRAL DEPO SER (I) LTD – Supply Zone Test Price has entered a major supply zone (₹1,390–₹1,440). Strong BOS (Break of Structure) confirms bullish momentum. RSI supports strength; breakout looks likely on volume surge.📌 Trade Plan (Swing/Positional): Buy above: ₹1,445 (on breakout + closing basis) Stoploss: ₹1,365 Target 1: ₹1,580 Target 2: ₹1,720 Sell Below (Rejection): ₹1,360 (if price gets rejected at supply) 🔍 Technical Highlights: BOS and CHoCH indicate structure shift from bearish to bullish Currently testing supply zone after BOS Volume increasing with bullish candles RSI approaching overbought — breakout likely, but confirmation needed For Education Purposes Only
NSE:CDSLLong
by rmhetre15
The reaction to the Supply Zone is the keyOn this chart, you can see that the topping signal and the formation of a fresh Supply Zone (highlighted in red) initially resulted in only a temporary shallow pullback. However, this pullback did not indicate a reversal of the uptrend. Instead, the market quickly resumed its upward momentum, as evidenced by the appearance of another "Buy re-test" signal shortly after. This is a great example of how a topping signal—which might typically indicate potential exhaustion—can sometimes act as merely a pause in a strong uptrending market, rather than leading to a significant reversal. The trend continued higher as buyers re-established control, with subsequent key supports holding firmly to reinforce bullish strength. Key takeaway: Topping signals and Supply Zones should be evaluated within the broader context of the market's trend. In this case, the bulls demonstrated sustained dominance despite the brief pause, confirming the uptrend's resilience.
CME_MINI:ES1!Education
by CastAwayTrader