RSI DIVERGENCE - RADICO KHAITAN

Sep 20, 2023

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.
   

Nov 4, 2023

Note

1ST EDUCATIONAL TARGET CLOSED!!

Nov 8, 2023

Trade closed: target reached

BOTH EDUCATIONAL TARGET CLOSED!!