BALKRISHNA INDUSTRIES : Bullish RSI Divergence
Updated
- 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.
Trade active
Note
Resistance at channel top
Note
Channel broken on the upside.
Trade closed manually
Late update. Trade was closed at channel resistance.
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