hardeepssethi

Dilip Buildcon Ltd forms Bottom Triangle/Wedge + Divergence

hardeepssethi Updated   
NSE:DBL   DILIP BUILDCON LTD

  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
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