Hi folks, based on the TA of this counter, it appears that this counter is on ascending wedge. The targets of possible downtrend is indication when MA50 (purple) line is encounter. TA will be invalid if it breaks higher than the drawn wedge boundary.
The support level is highlighted as red horizontal bar. If it break the lower of the possible support level at 4.82, it will dive further down. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
The support level is highlighted as red horizontal bar. If it break the lower of the possible support level at 4.82, it will dive further down. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
Trade closed manually:
Invalidated chart at the moment