Forming Double Bottom base, place your order below week candle
ride the really if go in favor
Trail Stop loss after every week candle
ride the really if go in favor
Trail Stop loss after every week candle
Trade active
🚨 **PRICE PIPES & FITTINGS LTD – DEAD CAT BOUNCE OR SMART MONEY ENTRY?** 🚨After months of brutal selling, price has finally reached a strong reaction zone — and buyers are trying to defend it. But the big question is… **is this accumulation or just a temporary relief rally?** 👀
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🔥 **WHAT I’M SEEING ON WEEKLY TF**
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📉 Market structure still bearish — lower highs & lower lows intact.
📊 44W Moving Average acting like a ceiling again.
🟢 Recent candles show demand stepping in from the base zone.
⚡ Momentum shift possible if price sustains above current structure.
👉 Translation: Bounce possible… trend reversal NOT confirmed yet.
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🎯 **THE GAME PLAN**
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✅ Reaction move toward resistance / MA zone.
✅ Short-term upside exists if buyers hold this base.
🚀 Break + sustain above resistance = stronger bullish narrative.
But remember — this is a **counter-trend setup**, not blind long territory.
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⚠️ **BUYER’S RISK (DON’T IGNORE THIS)**
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🔻 Primary trend = DOWN.
🔻 MA around 300 zone can reject price hard.
🔻 A weekly close below recent swing low = setup weakens fast.
🔻 High volatility — over-positioning can hurt.
Smart traders react. Emotional traders chase. Choose your side 😉
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🧠 **PSYCHOLOGY CHECK**
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Most people see one green candle and scream “REVERSAL”.
Pros wait for structure shift + confirmation.
Right now?
👉 Looks like a **mean-reversion bounce** unless proven otherwise.
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💬 **What’s your view? Accumulation or another trap?**
Drop your thoughts below — let’s discuss 👇
#NSE #SwingTrading #PriceAction #IndianMarkets #TradingViewIndia
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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.