LT, month old resistance touched!

LT – Touched high of 8th Sept & reversed. Gave Rs. 10/- per share from low of selling divergence (blue) candle. Immediate support around Rs. 913!! If falls more next strong resistance level is at Rs. 884.5. To watch out which direction it goes from here!

Indicator used TE REKAB, it captures reversals in the market.
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This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !

Yorum:

In the sentence " If falls more next strong 'resistance' level is at Rs . 884.5. To watch out which direction it goes from here!" pls read resistance as 'Support'.
Apologies for the typo !!