hitendravasudeo

SSE- A range bound market

SSE:000062   SSE SHANGHAI ENTERPRISES
SSE SHANGHAI

Support good enough to hang out at 2054-2001.

RSI almost near the oversold zone.

Demand zone can be seen between 50%-61.8%.

Candle has been long legged doji .

A swing bottom now with higher low and higher high
can resume a rise.

In that case expect rise towards 2174-2200 which will
be the supply zone .

Range bound swing and volatility between

2200 and 2000 is likely to continue.

A new trend could be begining if swing bottom gets
confirmed now from the current demand zone .