Analysis:
1) Bullish Harami Cross Pattern has formed as today's close i.e. 26 May, 2021
2) RSI is converging with the stock, forming higher lows while stock has formed 2 consecutive lower lows. We consider it to be strongly bullish.
3) Stock is at very strong support from which it has previously formed new highs and shifted the trend from sideways to bullish.
Entry, Target and SL are mentioned on chart.
Disclaimer: These analysis are only for educational purposes only. You are responsible for your own actions.
1) Bullish Harami Cross Pattern has formed as today's close i.e. 26 May, 2021
2) RSI is converging with the stock, forming higher lows while stock has formed 2 consecutive lower lows. We consider it to be strongly bullish.
3) Stock is at very strong support from which it has previously formed new highs and shifted the trend from sideways to bullish.
Entry, Target and SL are mentioned on chart.
Disclaimer: These analysis are only for educational purposes only. You are responsible for your own actions.
Trade active:
We have entered the trade