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RSI DIVERGENCE - RADICO KHAITAN
RADICO KHAITAN LTD
RSI DIVERGENCE - RADICO KHAITAN
By hardeepssethi
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Updated
Nov 8, 2023
4
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:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
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!!
changeoftrend
dailychartanalysis
divergencetrading
indianstockmarket
indianstocksanalysis
Oscillators
radicokhaitan
hardeepssethi
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