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praveen.bhatiya

Trader Vic's 2B/RSI Divergence

Long
BHARAT HEAVY ELECT (NSE:BHEL)  
praveen.bhatiya Updated   
NSE:BHEL   BHARAT HEAVY ELECT
Supply and Demand Parallel Channel rsi_divergence 2b_pattern NIFTY
9
2
supplyanddemand parallelchannel rsi_divergence 2b_pattern nifty
The stock has formed 2B reversal pattern with RSI divergence. It has already formed 5 pivots which suggests a possibility of reversal. RSI is back from oversold zone. One can buy the stock for a target of 83.50 * lucrative 10% appreciation *. Recent low should protect the trade as SL.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
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