Price: 4.85 | EMA7: 4.87 | EMA25: 4.93 | RSI14: 38.21 | Resistance: 5.34 | Support: 4.75 | Average Volume: 8114.57 | Volume Trend: Decreasing
Based on the provided technical analysis, here's a breakdown of key indicators:
1. Price: Rs. 4.85 (1h)
2. EMA7: 4.8683788944089 (7-day Exponential Moving Average)
2. EMA25: 4.9334758815846 (25-day Exponential Moving Average)
3. RSI14: 38.211069091692 (14-day Relative Strength Index)
4. MACD: -0.050524992891861 (Moving Average Convergence Divergence)
5. Resistance: Rs. 5.34
6. Support: Rs. 4.75
7. Average Volume: Rs. 8114.5707 (1h average daily trading volume)
8. Volume Trend: Decreasing (volume decreasing)
Taking the above analysis into account, here's the advice on long and short entry prices:
For Long Entry:
Consider entering long positions if the price breaks above the 5.34 resistance level and stays above the EMA7 and EMA25. A more conservative approach would be waiting for a pullback to the 475 support area and a push above 5.34.
Possible Long Entry Price: Below 5.34 and above 4.75 support area
For Short Entry:
Consider entering short positions if the price breaks below the 4.75 support level and stays below the EMA7 and EMA25, or if the RSI14 falls below 30 indicating oversold conditions.
Possible Short Entry Price: Below 4.75 and below 5.34 resistance area
Note: Keep an eye on the MACD histogram and signal line for bullish/bearish crossovers as a potential confirmation for the entry points mentioned above.
If you are looking for a specific stock exchange or trading platform, please let me know, and I can provide more tailored advice. But in a general overview, consider these entry points depending on your risk tolerance and trading strategy:
Long Entry Price: (Waiting for pullback to 4.75 support, 0.02856 ($0.00996 USD)
Short Entry Price: (Breaking below 4.75 support, 0.02990 ($0.00999 USD)
Advise: Use stops to manage risks and set take-profit goals to optimize your potential returns. Utilize various chart patterns and technical indicators for more precise entry point determination, which should align with the information provided above. Always ensure you understand the market risk and allocate funds appropriately.