REASON TO TRADE (COMBINATION OF PARAMETERS) EDUCATIONAL PURPOSEThis stock is showing some good signs of reversals U-Turn in price action.
1) Fibonacci retracement is healthy up to 50% which is good sign for continuation of bigger trend.
2) Price also came at old Support area.
3) Price got support near 200 DEMA.
4) Relative strength index in daily also reversed from oversold area, Now above 30.
5) In smaller time frame (hourly) price shown U-Turn towards up side.
These are some reasons to presume or finding probabilities, nothing works like holy grill in market, but these are really aligned languages in one direction. These scenarios indicates probabilities very well sometimes.
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
