BALKRISHNA INDUSTRIES : Bullish RSI Divergence

6 août 2017

• Price action is trading at support levels and has formed bullish RSI divergence.
  
  
• Falling wedge pattern might be broken out soon as price is repeatedly getting supported at 1585-1590 range.
  
  
• 2 spinning tops formed recently with significant volume considering other volume of candles in the vicinity. Spinning tops suggest indecision.
  
  
• Volume declining with price, supply getting exhausted.
  

7 août 2017

Transaction en cours

7 août 2017

Note

Resistance at channel top

7 août 2017

Note

Channel broken on the upside.

16 août 2017

Trade fermée manuellement

Late update. Trade was closed at channel resistance.