This analysis is only for educational purposes, Invest at your own risk!
Any kind of criticism is highly appreciated !
CHEERS!
- Using the monthly chart we can locate the lowest support price i.e. between 26-36 INR.
- The price may soon rebound an open an amazing long positional position.
- The trade can prove to be good for positional traders who are agreeing to lock in at
this price and wait for the price the head in the north direction
- Traders should get in only when the price rebounds and not before that.
- The Stop-loss should be placed bellow the lower support line i.e. below 26 INR
- Once the price starts moving up a trailing stop-loss must be used to get out with guaranteed profits
Any kind of criticism is highly appreciated !
CHEERS!
Trade active:
The price has bounced off the predicted support level !
great time and indication to buy in!
great time and indication to buy in!