Next resistance Area around 7 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always...
I dont like what i see, a Massive descending triangle. so far best entry will be at 5.5 with a strict stoploss right below it. and second best entry will be ranging trendline support whcih gives a support at 5.0.
While moving below all SMA, LOFC seems having good volumes coming in at current levels. trendline supports can be seen in 5.3 and 5.0 respectively. However given the nature of the counter, below 5.0 should be the immediate stoploss for traders who takes positions at above levels. RSI shows about to breakout its trendline PS - go through the chart thoroughly, i...