This is my first technical analysis. based the Zerodha Varsity checklist.
zerodha.com/varsity/...helping-get-started/
Please comment on any mistakes.
1. Candle - Shooting star formed.
2. Support and Resistance - Price at resistance
3. Volume - Volume above 20 days MA
4. DOW Theory - price within the Trading Range
5. Indicators -
RSI - above 60
MACD - MACD histogram is above the zero line and begins to converge towards the zero line.
6. Risk ratio greater than 1.5
zerodha.com/varsity/...helping-get-started/
Please comment on any mistakes.
1. Candle - Shooting star formed.
2. Support and Resistance - Price at resistance
3. Volume - Volume above 20 days MA
4. DOW Theory - price within the Trading Range
5. Indicators -
RSI - above 60
MACD - MACD histogram is above the zero line and begins to converge towards the zero line.
6. Risk ratio greater than 1.5