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SWASTI VINAYAKA- FAKE PUMP? IMPORTANT LEVELS TO LOOK AT!
SWASTI VINAYAKA SYNTHETICS LTD
SWASTI VINAYAKA- FAKE PUMP? IMPORTANT LEVELS TO LOOK AT!
By johntradingwick
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Dec 17, 2020
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Dec 17, 2020
SWASTI VINAYAKA SYNTHETICS LTD
The bulls have soared the price a lot in the last week.
But I think this is just a fake pump since the Volume has been constantly low and is decreasing more.
Hence, price actions show a lot of noise.
RSI is already in the overbought territory, looking for some drop there.
All in all, I am expecting a drop soon. I have marked the levels at which I will enter the trade. It's just a waiting game now.
*Everything is marked on the chart-- Swing points, trend lines can be used for trading along with some momentum indicators.
Try to look out for a confluence of these parameters, don't trade solely using any one of these parameters.
P.S:
This is NOT investment advice. This char is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
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johntradingwick
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Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
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