youtoocantrade

youtoocantrade

Required knowledge to understand this chart Knowledge of Support and Resistance - support when broken can become resistance and vice versa Using moving average for trend direction Using moving average for breakout Using moving average for price retracement or pull back Knowledge of using RSI - RSI is used as a momentum indicator. In this chart at vertical...

youtoocantrade

On the weekly chart we can see a head and shoulder forming in crudeoil. Will it go below 6000, I am not sure. But for the time being technically there is a visible top at 6694 and one can bet on the short side with the top as stop loss. If the stop loss is hit take it easy and one can go short around 6750 with tight stop loss. 6400 PE with 15 March expiry can...

youtoocantrade

Inspired by Laurentiu Damir's price action I have drawn value areas on the 45 minute chart of silvermic, an instrhument traded in the Indian market.