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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.