Need to monitor pullback
Stock has formed a long bearish channel beginning 25/10 to 26/11. Stock RSI was oversold on daily candlestick. Today, stock has pulled out of oversold zone. It has built support zone at 1492. Stock has formed 'Higher Low' on monthly candlestick chart. Stock has to rise above open price of November at 1585 and then continue its upmove above 1600 to resume bullish movement
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.