HI-TECH PIPES LTDUpdated HI-TECH PIPES making two patterns
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.Note
Hi-Tech Pipes 127 to 153, clean move.
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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.