HI-TECH PIPES is making two patterns.
Double Bottom & Downward Trendline Resistance Pattern at Daily Chart.
RSI divergence is visible.
If it comes down even then it is nearby its Support area.
4 times it has touched the Resistance Trendline, now we need a strong green candle breaking the trendline. If sustains then there is probability of touching 145 and 168, it may take some time.
For learning and educational purpose only.
Double Bottom & Downward Trendline Resistance Pattern at Daily Chart.
RSI divergence is visible.
If it comes down even then it is nearby its Support area.
4 times it has touched the Resistance Trendline, now we need a strong green candle breaking the trendline. If sustains then there is probability of touching 145 and 168, it may take some time.
For learning and educational purpose only.
Trade active:
Today HI-TECH touched 13, 9% within 7 trading days.