Based on my strategy, there seems to be a Bearish Divergence on GIS.
Meaning that the price action is making higher highs, but the RSI is making lower highs.
This could be a good time to buy PUTS on GIS with a very tight stop loss.
The idea will be invalidated if the RSI creeps about the dotted line on the chart.
I have marked the support levels on the chart based on which you can plan your trades and exits.
Please do your own research. I'm not a financial advisor.
Trade safely!
Meaning that the price action is making higher highs, but the RSI is making lower highs.
This could be a good time to buy PUTS on GIS with a very tight stop loss.
The idea will be invalidated if the RSI creeps about the dotted line on the chart.
I have marked the support levels on the chart based on which you can plan your trades and exits.
Please do your own research. I'm not a financial advisor.
Trade safely!