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hardeepssethi
Feb 3, 2024 8:07 PM

Dilip Buildcon Ltd forms Bottom Triangle/Wedge + Divergence 

NSE:DBL1D
DILIP BUILDCON LTDNSE

Description

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  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

Trade closed: target reached

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Educational Target Achieved!
WedgeOscillatorsbreakoutsignaldivergencetrading
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