>>HERE IS THE DAILY CHART OF FEL( FUTURE ENTERPRISES LIMITED). I HV DONE SOME ANALYSIS AND FOUND IT INTERESTING FOR LONG TERM INVESTMENT.
S1---> IT WAS RESISTANCE FOR HIGHER HIGHS AND IT HAS BROKEN NOW, AND MAY ACT AS SUPPORT(S1).
S2--> IF IT RETRACES BACK THEN IT MAY LAND TO WEEKLY 50% FIB RETRACEMENT LEVEL(S2)
V1,V2,V3----> THESE ARE BIG GREEN VOLUME SPIKES...
THIS THING IS FOR EDUCATION PURPOSE ONLY WHERE U CAN SEE BASICS ARE BEING RESPECTED.
A & B -----> AT THIS LEVEL SELLERS ARE IN FULL CONTROL AND THEY ARE READY TO SELL EVERYTHING THEY GOT. THIS IS WORKING AS A GOOD RESISTANCE LEVEL.
C-----> AT THIS LEVEL IT IS INITIALLY CAN BE SEEN AS RESISTANCE WHERE SELLERS ARE EAGER TO SELL. BUT BUYERS ARE ALSO READY TO BUY SO...
