Why you may consider Motherson as a buying opportunity @ 100 ???
How to trade double bottom,
These are my rules
1) Draw a HORIZONTAL BLUE LINE on the key support area on daily chart which has been tested at-least 3 times in the past
2) You have to make sure rsi is @ 30 or below 30 indicating over sold market on daily chart
3) Candle stick pattern in four hour chart- either a bullish hammer (inverted hammer) or a bullish engulfing pattern
i have already drawn the blue horizontal line around 100 which is the area of previous support area
rsi is presently @ around 30
candle stick pattern when it reaches the support area around 100 - we have to see the patterns in four hour chart
Any questions - it is my pleasure to answer
Please click on like button to motivate me for more such posts
These are my rules
1) Draw a HORIZONTAL BLUE LINE on the key support area on daily chart which has been tested at-least 3 times in the past
2) You have to make sure rsi is @ 30 or below 30 indicating over sold market on daily chart
3) Candle stick pattern in four hour chart- either a bullish hammer (inverted hammer) or a bullish engulfing pattern
i have already drawn the blue horizontal line around 100 which is the area of previous support area
rsi is presently @ around 30
candle stick pattern when it reaches the support area around 100 - we have to see the patterns in four hour chart
Any questions - it is my pleasure to answer
Please click on like button to motivate me for more such posts
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