
Finance With Palak (Stock Market)📈
February 21, 2025 at 04:47 AM
"Technical Analysis Insight: 23000 Put 📊
In my premium group, we analyzed the 23000 put option using price action and technical analysis. Here's what we found:
🔍 *Price Action:* The price has been respecting the resistance level of 23000, indicating a strong supply zone.
📊 *RSI Indicator:* The Relative Strength Index (RSI) is indicating oversold conditions, with a reading of 30. This suggests that the price may be due for a bounce or reversal.
🔥 *Trade Idea:* Based on our analysis, we identified a potential trading opportunity in the 23000 put option. Our premium group members were alerted to this trade idea, and we're excited to see how it plays out!
📈 *Key Takeaway:* This trade idea highlights the importance of combining price action and technical indicators to identify potential trading opportunities.
Stay tuned for more technical analysis insights and trade ideas! 👍 #technicalanalysis #priceaction #options trading"