PriceActionTrader1

5PAISA - Short term bullish reversal

Long
NSE:5PAISA   5PAISA CAPITAL LTD
Let's understand multi timeframe analysis for 5PAISA .

1. Price has forming bullish harmonic bat pattern and is currently standing at a PRZ(Price Reversal Zone).
2. Price is approaching a key demand level in weekly and monthly timeframe.
3. After making a consecutive LH-LL structure, price has finally made a HL which could suggest a reversal of a trend.
4. On a daily timeframe, 14 period RSI is forming a bullish divergence.

Above confluences suggests that there's a high probability of short term bullish reversal if price succeed in breaking the previous high.

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