BHARAT FORGE LTDEducation
Bullish Divergence in BHARATFORG
There is Bullish Divergence in BHARATFORG.
Price has formed lower lows and RSI has formed higher highs.
Looks like there is change in the trend and price took support from long term support area.
Also, price has broken the trend line and given pullback on the support area after breaking out the trend line and formed higher low.
Currently, it has formed inside bar on last candle.
If you observe weekly chart it is indicating up move and price taking support.
Price has formed lower lows and RSI has formed higher highs.
Looks like there is change in the trend and price took support from long term support area.
Also, price has broken the trend line and given pullback on the support area after breaking out the trend line and formed higher low.
Currently, it has formed inside bar on last candle.
If you observe weekly chart it is indicating up move and price taking support.
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