Logic:
Stock has been consolidating in a small range of 1250-1450 since past 7-8 months.
A weekly closing above 1500 can be a good sign for reversal.
Breakout Confirmation above 1600 DCB. RSI is strong with positive divergence.
Chemical sector is showing reversing signs as well.
Stock has been consolidating in a small range of 1250-1450 since past 7-8 months.
A weekly closing above 1500 can be a good sign for reversal.
Breakout Confirmation above 1600 DCB. RSI is strong with positive divergence.
Chemical sector is showing reversing signs as well.
Trade active
Chemical sector is showing reversal
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.