johntradingwick

SWASTI VINAYAKA- FAKE PUMP? IMPORTANT LEVELS TO LOOK AT!

BSE:SWASTIVI   SWASTI VINAYAKA SYNTHETICS LTD
SWASTI VINAYAKA SYNTHETICS LTD
  • The bulls have soared the price a lot in the last week.
  • But I think this is just a fake pump since the Volume has been constantly low and is decreasing more.
  • Hence, price actions show a lot of noise.
  • RSI is already in the overbought territory, looking for some drop there.

All in all, I am expecting a drop soon. I have marked the levels at which I will enter the trade. It's just a waiting game now.

*Everything is marked on the chart-- Swing points, trend lines can be used for trading along with some momentum indicators.

Try to look out for a confluence of these parameters, don't trade solely using any one of these parameters.

P.S: This is NOT investment advice. This char is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Indian Moderator @Tradingview

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