@AlphaT - Today Hdfc bank made a swift down move 881 to 871 in 15mins. Is it due to the compression happened as marked. But if it is correct, the compression exists till 854 levels, but it bounced back from 871 levels itself. Even I looked into 5min chart in the compressed area & dont get why it happened. Any insight on this. As today's low is in compression zone, can it be considered as CAP DZ.
View attachment 42486
Also today I see the flip zone worked perfectly, which was initially DZ flipped to be SZ. Am I right View attachment 42487
Also today I see the flip zone worked perfectly, which was initially DZ flipped to be SZ. Am I right View attachment 42487
Regarding the second chart, yes it's a flip zone.