Averoy_Apoorv_Analysis

SIYSIL Analysis | On demand of a follower :)

Long
NSE:SIYSIL   SIYARAM SILK
⭐A breakout on Month can be seen clearly if it sustains on these levels for Monday too :)
⭐Dynamic supports from 50 dema is been taken multiple times (once broken with a power candle = gap up next day above it )
⭐My calculated speculation is: a **close** above today's red candle with volume more than normal on 15min = a breakout from the pattern :), the risk gets minimal as u will exit the trade if it comes back to the triangle, then chances of manipulation increases and rewards = well if it sustains these lvls for the month than for upcoming days it might touch 362 lvls too, the time cant be predicated :)
⭐If someone takes the trade do see the Rsi too, if a close above the prev high takes place with RSI above 70 then trade will go smooth as a higher high on price with higher RSI will be made ( be careful with RSI divergence in such trades )

Comments

Sustaining the levels and moving up like you foresaw. Nice tip on the RSI too which is above 70 on a daily basis alongside the movement. Thank you man for helping out! your outlook helped in my conviction and benefitted me. Always looking forward to your work !! Cheers !!
+1 Reply
@monkmaxims, I am happy for you buddy :)
+1 Reply
Really top notch analysis !! It is very helpful to me with your keen eye for details. Thank you for being so gracious and taking your time to share such perspectives upon request.
+1 Reply
@monkmaxims, Thanks bro, means a lot :)
Reply
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