EMS Ltd is showing an interesting price and volume structure near the Camarilla H3 reversal zone.
In the Camarilla framework, H3 is a potential reversal zone where responsive sellers are expected to become active.
However, price has continued to hold near H3 and sellers have so far failed to push the stock meaningfully lower.
The recent consolidation and contraction near the H3 zone indicate that price is not moving away from the expected seller zone.
Today's strong price expansion with rising volume brings the H3 level into focus.
A decisive breakout and acceptance above H3 may indicate failure of the expected reversal and could open the possibility of further price expansion.
H3 Seller Zone → Sellers Fail to Push Price Lower → Contraction → Volume Expansion → Watch for Acceptance Above H3
CMP: ₹458.15
For educational purposes only. Not a buy or sell recommendation.
In the Camarilla framework, H3 is a potential reversal zone where responsive sellers are expected to become active.
However, price has continued to hold near H3 and sellers have so far failed to push the stock meaningfully lower.
The recent consolidation and contraction near the H3 zone indicate that price is not moving away from the expected seller zone.
Today's strong price expansion with rising volume brings the H3 level into focus.
A decisive breakout and acceptance above H3 may indicate failure of the expected reversal and could open the possibility of further price expansion.
H3 Seller Zone → Sellers Fail to Push Price Lower → Contraction → Volume Expansion → Watch for Acceptance Above H3
CMP: ₹458.15
For educational purposes only. Not a buy or sell recommendation.
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.
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.