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Nikita (SEBI RA)

15th Oct Β· SEBI-Registered Analyst

Matching Low – Bullish Support Confirmation πŸ“ˆ

πŸ“Š The Matching Low pattern shows strong support and potential reversal after a downtrend. βœ… Formation (2 candles): 1️⃣ Long red candle. 2️⃣ Another red candle with the same closing price as the first. βœ… Meaning: Support level holds β†’ buyers may step in β†’ bullish reversal possible. πŸ“Œ Example: Stock falls β‚Ή410 β†’ β‚Ή380, then prints another red closing exactly at β‚Ή380 β†’ Matching Low β†’ strong support zone created. 🧠 Tip: Confirmation with green candle next session increases accuracy.

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