Description
⋅ NSE: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.
Comment
⋅ 1ST EDUCATIONAL TARGET CLOSED!!
Trade closed: target reached
⋅ BOTH EDUCATIONAL TARGET CLOSED!!