About meDisclaimer: All the published ideas/posts are for educational purposes only. Exercise caution and understand the various risks associated with the capital markets, and consult your financial advisor, before considering any investing/trading decisions.
The hourly candlestick chart of WockPharma forms a parallel channel, which creates a suitable long position opportunity with a 30% expected return and a Return-to-Risk ratio of 3. The RSI also shows a value of 29.
This shows the Daily Chart of Shriram Transport Finance for a period of 10 years. The Chart is divided into 3 parts:
1. The red portion shows a strong support region
2. The yellow region is seen as both a Resistance as well as Support in different periods.
3. The dark green region is the first level of Resistance (and an initial profit-booking level).
This is a simple trend analysis showing strong support and resistance levels on a Weekly chart of SBI. The green rectangle shows a strong support region tested for over 10 years. The price has entered the green region along with an oversold RSI, which indicates that one should start buying at this level. It would be better to start making positions as the price...