narsinva
Long

BALKRISHNA INDUSTRIES : Bullish RSI Divergence

NSE:BALKRISIND   BALKRISHNA INDS
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  • 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
Comment:
Resistance at channel top
Comment:
Channel broken on the upside.
Trade closed manually: Late update. Trade was closed at channel resistance.
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