OFSS is at a perfect level for a Short Downside Swing as per the price action on daily charts. Although the RSI is in an Oversold Zone it may give a dead cat bounce.
F&O Activity: 11,000 Looks like a Big Resistance With Major Long's being Covered. Trade Setup: It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader if the Level is Breached.
Target(Take Profit): 8866.65 Levels for Swing Trade. Stop-Loss: 11187.65 Levels for Swing Trade.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views.
Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.