Educational Price Action Analysis - Monthly Chart - Intellect

Long

INTELLECT DESIGN A (NSE:INTELLECT)

NSE:INTELLECT INTELLECT DESIGN A

trendanalysis priceactionanalysis monthlyema

Monthly 20 EMA is 621
Price is around Monthly EMA
There was monthly divergence in RSI in last few months which triggered sale off, now that phase is over..
RSI Now ~ 50
Now it should take support here and if price closes above monthly EMA then it can give a pull back

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