JPAssociates : A different view, please
I guess everybody here seems to say, "I say, I say" to the same comments. Has anybody decided to think in a different perspective?
Please find the daily chart herewith.
Looking at the chart posted by rajashree, can't we think along the line that the price will start moving across the cloud and face resistance at the top of the cloud or pass through the cloud?
But I still have to look at the bottom side too. Based on 30 minutes chart, there was a dip below 15EMA before recovering above 15EMA, the low being 30.30 in spot. So we should treat this level as stop loss for long trades, and possibly reverse the trade for shorts.
I guess everybody here seems to say, "I say, I say" to the same comments. Has anybody decided to think in a different perspective?
Please find the daily chart herewith.
- See the green rectangles indicating high volume in buying.
- See the blue rectangle showing extremely oversold condition in daily chart
- See the brown arrows pointing to the tenken and 15EMA. It is been sometime since both these indicators has been touched.
Looking at the chart posted by rajashree, can't we think along the line that the price will start moving across the cloud and face resistance at the top of the cloud or pass through the cloud?
But I still have to look at the bottom side too. Based on 30 minutes chart, there was a dip below 15EMA before recovering above 15EMA, the low being 30.30 in spot. So we should treat this level as stop loss for long trades, and possibly reverse the trade for shorts.