Olectra Green tech. Break support/reverse
Hello👋
Today I studied downtrend stock.
It's "Olectra Green Tech"
Stock is in selling pressure (weekly & daily TF)
Rsi in bearish territory on daily TF
Price making LL & LH
Rsi at 40.. Also it's triangle, it's like inverted c & handle or can be H & S.
Major support at 1450 .. If not hold can be more downside levels open.
It's a gap of almost 400 pts 😳
But still in Monthly TF after some more correction in price it can be made a bull flag.. Because it was made before also when price was at 500 levels.
It's my view plz DYOA. No buy or sell recommendation🙏
Thank you
Today I studied downtrend stock.
It's "Olectra Green Tech"
Stock is in selling pressure (weekly & daily TF)
Rsi in bearish territory on daily TF
Price making LL & LH
Rsi at 40.. Also it's triangle, it's like inverted c & handle or can be H & S.
Major support at 1450 .. If not hold can be more downside levels open.
It's a gap of almost 400 pts 😳
But still in Monthly TF after some more correction in price it can be made a bull flag.. Because it was made before also when price was at 500 levels.
It's my view plz DYOA. No buy or sell recommendation🙏
Thank you
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