Hi friends...
As you see, stock is taking support on the red line drawn by me on daily chart, more than a month.
And also playing In the tow lines range.
Here the blue line was resistance and the red line was a support till the huge fall of 12th April.
Now the support of red line acting like a resistance and this resistance is pushing stock below the line.
As the stock is creating new support at the ghreen line, I guess there is a good opportunity for buying above the red line.
Friends please suggest me your opinion on this study.
I shared this study only for education purpose, no any recommendations to invest with this study.
If it' is done that will be your responsibility...
Share your thought on my observation..
As you see, stock is taking support on the red line drawn by me on daily chart, more than a month.
And also playing In the tow lines range.
Here the blue line was resistance and the red line was a support till the huge fall of 12th April.
Now the support of red line acting like a resistance and this resistance is pushing stock below the line.
As the stock is creating new support at the ghreen line, I guess there is a good opportunity for buying above the red line.
Friends please suggest me your opinion on this study.
I shared this study only for education purpose, no any recommendations to invest with this study.
If it' is done that will be your responsibility...
Share your thought on my observation..