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RADICO KHAITAN LTD

RSI DIVERGENCE - RADICO KHAITAN

By hardeepssethi
Updated
RADICO - DAILY CHART ANALYSIS

  • The price was heading down, making lower lows.
  • Initially, the RSI indicator was following the price too.
  • on daily chart its seen that the RSI starts making higher lows while the price is still heading down.
  • That’s when divergence pattern appears.
  • After a bullish divergence, the price will tend to change from a downtrend to an uptrend.


PLEASE NOTE THAT:
  1. This chart analysis is only for reference purpose.
  2. This is not buying or selling recommendations.
  3. I am not SEBI registered.
  4. Please consult your financial advisor before taking any trade.
Comment
1ST EDUCATIONAL TARGET CLOSED!!
Trade closed: target reached
BOTH EDUCATIONAL TARGET CLOSED!!
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hardeepssethi

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