imfamousrajat

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.

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