Analysis: RSI Divergence+ Volume+ Fib+ EMA+ Trendline Support Long

MSTC LTDNSE

Description

⋅ Nov 16, 2021 7:56 AM

The price corrected by 30% and at crucial support of Rs.365.

It will be a good long trade if downtrend reversed from crucial level, as mentioned level duly support by technical parameter (refer chart).

Key Points : RSI divergence, Volume decreasing during sell off, Support & Resistance, Fibonacci and Moverging Average.

Entry Rs 360 , Stop Loss Rs 330 and Target Rs. 480 , Rs 544

Thanks

Comments

boksskumar

⋅ Nov 16, 2021 1:34 PM

Sorry,not able to get how RSI divergence is here

J_ankit

⋅ Nov 16, 2021 4:06 PM

@boksskumar, In time frame of 2 hrs, there is a "tight" divergence (forget to mentioned time frame ,apologies!!) - good set up, keep it on watchlist !! Thanks