BullofIndia

RSI Divergence

BullofIndia Updated   
NSE:MOTHERSUMI   None
7th Jan - Stock is trading at 166 - Rising Wedge is in formation along with a clear bearish divergence in RSI. Does it indicate an upcoming reversal in trend - we will come to know :)
Trade active:
15th Jan - Price came to touch the treadline but still closed above it. Now we will see if it goes above or close below the treadline in upcoming days. If it breaks the treadline and closes below, the downfall target is next support level of Rs. 150 and 140.
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