RKFORGE potential breakout
POSITIVE POINTS:-
Strong buying Force.
Trading in a narrow range.
High relative strength.
Took support from 50EMA & now above 20EMA.
Volume contraction & institutional footprints visible.
NEGATIVE POINTS:-
Overall market condition is not favorable for breakout trading. Key indices are near 50EMA, there could be a potential break down in the coming days. No follow through moves were seen in last few days.
Strong buying Force.
Trading in a narrow range.
High relative strength.
Took support from 50EMA & now above 20EMA.
Volume contraction & institutional footprints visible.
NEGATIVE POINTS:-
Overall market condition is not favorable for breakout trading. Key indices are near 50EMA, there could be a potential break down in the coming days. No follow through moves were seen in last few days.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.