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narsinva
6 août 2017 21:40

BALKRISHNA INDUSTRIES : Bullish RSI Divergence Long

BALKRISHNA INDSNSE

Description

  • 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.

Transaction en cours

Commentaire


Resistance at channel top

Commentaire


Channel broken on the upside.

Trade fermée manuellement

Late update. Trade was closed at channel resistance.
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