InsiderB
Long

ErosMedia : Simplest Ever - Double Bottom

NSE:EROSMEDIA   EROS INTL MEDIA
Simplest trade setup, Double Bottom & RSI divergence so logically upside.
Comment: Trade setup invalidated
On hourly timeframe, it looks like a small Head & Shoulders with a larger Head&shoulders, inside a channel.
neckline is around 206/209 level if it can hold that, it cud bounce back, i think.else complete the down leg in channel
snapshot

+1 Reply
InsiderB TOP Einstein15
@Einstein15, Looks real nice & more plausible trade setup, Nice found :)
Reply
RJUN Einstein15
@Einstein15, Head and shoulder is quite Popular on TradingView!
Reply
What does RSI Divergence Indicate?
Reply
InsiderB TOP rajanbalana
@rajanbalana, RSI divergence indicate - upside
Reply
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