Arfin India has finally done what buyers were trying to achieve for months. The falling trendline that rejected price repeatedly around the 98–104 zone has now been broken with a strong bullish candle and a massive expansion in volume. What makes this breakout more powerful is the structure underneath. Every major correction continued to respect the rising support and the latest fall towards 80–82 was aggressively bought. Price then returned to resistance much faster than before and this time sellers could not hold it. That is a clear shift from repeated rejection to buyer dominance.
Now the important thing is for price to sustain above 100–102 and turn this old resistance into support. RSI has pushed above 70 which confirms the strength behind the move and liquidity sitting above the previous highs is now being attacked. If price gets acceptance above this breakout zone the traders positioned for another rejection can get trapped and momentum can accelerate towards 105–110 and fresh highs beyond that. Months of pressure have finally been released and Arfin India now looks ready for its next powerful bullish leg.
Now the important thing is for price to sustain above 100–102 and turn this old resistance into support. RSI has pushed above 70 which confirms the strength behind the move and liquidity sitting above the previous highs is now being attacked. If price gets acceptance above this breakout zone the traders positioned for another rejection can get trapped and momentum can accelerate towards 105–110 and fresh highs beyond that. Months of pressure have finally been released and Arfin India now looks ready for its next powerful bullish leg.
📌 Join Trading Community 👇
Telegram : 👉telegram.me/chartifyy
Instagram: 👉 instagram.com/chartifyig?igsi=Y2ZiODZtczZ2aDA=&utm_source=qr
Telegram : 👉telegram.me/chartifyy
Instagram: 👉 instagram.com/chartifyig?igsi=Y2ZiODZtczZ2aDA=&utm_source=qr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📌 Join Trading Community 👇
Telegram : 👉telegram.me/chartifyy
Instagram: 👉 instagram.com/chartifyig?igsi=Y2ZiODZtczZ2aDA=&utm_source=qr
Telegram : 👉telegram.me/chartifyy
Instagram: 👉 instagram.com/chartifyig?igsi=Y2ZiODZtczZ2aDA=&utm_source=qr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.