EMA and price action support at hourly chart of RAILTEL
The HOURLY chart picture is pretty self explanatory.
As you can see RAILTEL took first resistance near 133,
then it broke the Resistance, after that the resistance became support.
First it took support near 13 then made a Higher HIGH, then again it is came to the support of 133.
The sloping up 200 EMA is at 130 (Will probably provide additional support).
RSI indicator is also near oversold zone.
It might be a high probability trade. Please Do your own research before taking any Trades.
Entry should be 133
SL should be 129.25
Target should be 145.
As you can see RAILTEL took first resistance near 133,
then it broke the Resistance, after that the resistance became support.
First it took support near 13 then made a Higher HIGH, then again it is came to the support of 133.
The sloping up 200 EMA is at 130 (Will probably provide additional support).
RSI indicator is also near oversold zone.
It might be a high probability trade. Please Do your own research before taking any Trades.
Entry should be 133
SL should be 129.25
Target should be 145.
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