lets_learn_trading

LIKELY MEAN REVERSION

Long
NSE:RADICO   RADICO KHAITAN
  • bullish relations across indicators
  • the price has given first pullback to L3 (and weekly L4) and has shown significant rejection with good volume and an increase in range.
  • despite a gap down and lower auction, price managed to push higher and close higher. meets the traditional criteria of a hammer as well.

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