The stock has come back to its 50 EMA . The structure is already provided for reference along with S&R LEVELS. Check out optionchain.
The Indicator Used: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. 2) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper Valuation. Green Faded Cloud: Under Valuation.
If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
The clouds are a bit confusing -can you please help me understand how it works
ReeAishw
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@N50-ANALYST, yeah sure, so these are valuations clouds.. Red one is when the stocks get over valuation, grey is when it is proper valuation and green is when its under valuations. You can use other technical parameters also like anchored vwap to support your view in terms of positional trading
N50-ANALYST
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Great...thank you for your quick response..., do me a favor -can you pls share your short term view on LTI