Crucial price level for LT_Finance (Short/Long Opportunity)
The chart is self explanatory but key point analyse as below:
# Parrell Channel : Support 1 at Rs 83.90, and Resistance 1 Rs 101.65
# Support 2 at Rs 75.75 and Resistance 2 at Rs 83.90 (Equation : S1=R2)
# Fake breakout : Bear trap from Rs 100 to Rs 120
# Support 1 × Support 2 √
# EMA 21 ✓
# RSI Divergence : confirmation awaiting
Advice: Equation of S1=R2 :: key level for any long or short trade :: S1>R2 = Long ; S1<R2 = Short
👍👍
# Parrell Channel : Support 1 at Rs 83.90, and Resistance 1 Rs 101.65
# Support 2 at Rs 75.75 and Resistance 2 at Rs 83.90 (Equation : S1=R2)
# Fake breakout : Bear trap from Rs 100 to Rs 120
# Support 1 × Support 2 √
# EMA 21 ✓
# RSI Divergence : confirmation awaiting
Advice: Equation of S1=R2 :: key level for any long or short trade :: S1>R2 = Long ; S1<R2 = Short
👍👍
