Hello👋
Today I studied downtrend stock.
It's "Olectra Green Tech"
Stock is in selling pressure (weekly & daily TF)
Rsi in bearish territory on daily TF
Price making LL & LH
Rsi at 40.. Also it's triangle, it's like inverted c & handle or can be H & S.
Major support at 1450 .. If not hold can be more downside levels open.
It's a gap of almost 400 pts 😳
But still in Monthly TF after some more correction in price it can be made a bull flag.. Because it was made before also when price was at 500 levels.
It's my view plz DYOA. No buy or sell recommendation🙏
Thank you
Today I studied downtrend stock.
It's "Olectra Green Tech"
Stock is in selling pressure (weekly & daily TF)
Rsi in bearish territory on daily TF
Price making LL & LH
Rsi at 40.. Also it's triangle, it's like inverted c & handle or can be H & S.
Major support at 1450 .. If not hold can be more downside levels open.
It's a gap of almost 400 pts 😳
But still in Monthly TF after some more correction in price it can be made a bull flag.. Because it was made before also when price was at 500 levels.
It's my view plz DYOA. No buy or sell recommendation🙏
Thank you
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.