AARTI IND LTD - SHORT - PAPER Trading Short

AARTI IND LTDNSE

Description

⋅ Sep 24, 2017 5:01 AM

This is my first technical analysis. based the Zerodha Varsity checklist.
zerodha.com/varsity/chapter/finale-helping-get-started/

Please comment on any mistakes.

1. Candle - Shooting star formed.
2. Support and Resistance - Price at resistance
3. Volume - Volume above 20 days MA
4. DOW Theory - price within the Trading Range
5. Indicators -
RSI - above 60
MACD - MACD histogram is above the zero line and begins to converge towards the zero line.
6. Risk ratio greater than 1.5

Trend Analysis