LCI BEING RESISTED
A couple of days ago LCI made a very good Bullish candle and also touched its High at 1038, but could not go straight further up continuously, reason being, that it was approaching a strong Supply zone [already marked on chart], from where it was bound to get resisted and it has not been successful till currently. While analyzing MTF, it was observed that the Scrip was Bullish on HTF i.e. Weekly and Monthly BUT selling was expected on Daily Time Frame and below.
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