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RiteshKumarSinha
Aug 11, 2021 8:17 AM

RSI DIVERGENCE ON IMPORTANT SUPPORT AREA Long

INDIABULLS HOUSINGNSE

Description

IBULHSGFIN showing RSI divergence on important support area (daily and weekly) upward move can be seen form this level
Comments
shrisudan
Thank you sir. It's almost getting out of f&o ban. Hopefully there is short covering and not build of shorts. Keeping fingers crossed. trapped from higher level .
RiteshKumarSinha
I think correction will be over in 1 or 2 days. It is on support area now. we should hold for the up move
umarkhan00786
@RiteshKumarSinha, Do you have any idea how low it can go so that I can buy more share to average.Thanks
RiteshKumarSinha
it is very important support. should not go below that. depending on market conditions.
umarkhan00786
Buying price is 290 level what should I do hold aur exit ?
apratimbanerjee08
@umarkhan00786, 235-245 is important support zone. Should hold for continued upward momentum, otherwise the last stance for bulls is 220-225 zone. If price goes below that, bullish momentum will be lost. Set stop loss and manage risk accordingly
umarkhan00786
@apratimbanerjee08, Thanks 😊
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