Dilip Buildcon Ltd forms Bottom Triangle/Wedge + Divergence

Feb 3

1. A Bottom Triangle/wedge shows two converging trendlines as prices reach lower highs and higher lows.
   
2. The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.
   
3. There is divergence seen Price vs RSI and Price Vs MACD.
   

PLEASE NOTE THAT:

• This chart analysis is only for reference purpose.
  
• This is not buying or selling recommendations.
  
• I am not SEBI registered.
  
• Please consult your financial advisor before taking any trade
  

Feb 19

Trade closed: target reached

Educational Target Achieved!