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praveen.bhatiya
28 juin 2018 03:53

Big W Reversal with Bullish Divergence ! Long

ULTRATECH CEMENTNSE

Description

Stock has formed big W reversal pattern and showing bullish divergence therefore it looks good for buying at this level. It has broken the short term trend line and RSI (14) is also healthy above 50. One can buy the stock now for a target of 4000 in due course by providing suitable SL.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

Transaction en cours

Commentaire

Trade is doing well continuing with trailing SL for target of trend line. :)

Trade fermée: cible de profit atteinte

Closed at target price :)
Commentaires
fcsa
Thanks for bringing the divergence to my attention... traded long after analysing it myself... happiness!!
praveen.bhatiya
@fcsa, Glad that it was useful to you. Bullish divergence in my experience works lightly whereas bearish trapped first before moving.
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