Maruti possible bottom formed!!

2022년 12월 28일

Maruti is showing bounce from the trend line active from it's Apr 2020 low, it also has covered a "volume imbalance" zone on the daily chart. While on the hourly it has given a break out from the downward trend line. Any further bullish momentum could lead to a good rally in the stock, I will prefer waiting for sometime as the break on the hourly is still not convincing enough(momentum & volume wise).

What are volume imbalances?
Volume imbalances are formed when aggressive buyers or sellers enter the market, thereby increasing price with high momentum that orders don't get filled due to slippage. These imbalances always get filled sooner or later & are very good entry points. They are very similar to gaps in nature.

2023년 1월 3일

액티브 트레이드

It is still flirting with the volume imbalance, not showing enough momentum for an entry