21 EMA seems to have acted as a dynamic support before in Laurus Labs uptrend. There seems to be a bullish engulfing at 21 EMA. RSI above 65 indicates bullish momentum. There seems to be a bullish breakout in RSI as well.
@kalyanganguly analysis Mr Kalyan Ganguly.. i would also like to learn, if you dont mind.
sagarkandekar929
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well spotted. have u notice when price take support near 21EMA it actually forms hidden bullish divergence.
rpelluri
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nicely spotted!
RoyTomrk
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but it looks like uptrend is ending...the resistance formed has no higher breach than previous resistance
swamysivananda76836
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Good analysis. How do you enter the trade on a lower time frame chart.
kalyanganguly
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@swamysivananda76836, thanks sir. I enter at high of the current candle which engulfs the bearish candle. But for a perfect entry, you can check for 15 mins chart.