utkarsh1979

Nice RNAM Chart on weekly

Pendidikan
NSE:RNAM   None
For learning purpose if you look at the weekly chart - there was consolidation and then it gave breakout on upside.
It closed above the 50 EMA from the consolidation range and then rally continued further.
It was good opportunity for buy

There was rejection from 50 EMA on weekly chart (see very long wick), next or next to next green candle was also good opportunity to buy. You can also go into lower timeframe and look at the buying opportunity little early.

Currently also it is in correction phase, so we need to wait for buying opportunity. It may go down further till 286 or may be reversed to upside. Need to wait for the chart patterns to form for buying opportunity.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.