Points 1 & 2 marked on RSI are forming a Hidden Bullish Divergence.
Same points are marked on the price chart and extended the line, marked as A
At point 3, candle has taken the support on extended line A
Also we can see that price has formed a rectangle box pattern makred in green and has given a BO from that channel
BO is supported by very good volumes.
Holding 130 as a SL, stock is good to enter on retest or pullback.
Same points are marked on the price chart and extended the line, marked as A
At point 3, candle has taken the support on extended line A
Also we can see that price has formed a rectangle box pattern makred in green and has given a BO from that channel
BO is supported by very good volumes.
Holding 130 as a SL, stock is good to enter on retest or pullback.