SAIL has marked oct top as X and then an ending diagonal, which should now be complete as prices have come back inside the wedge, wave E of wave Y is a shortest in the pattern even as it is a 'Under throw' below lower line, we can say like a fake breakdown, Now macd in hourly has turned positive along with macd in daily is converging towards north, also one trendline is broken on chart with good intensity of volume. it looks good to go long.
breakout with good intensity of volume
support from support area
macd in daily is converging towards north
macd in hourly positive
rsi in daily is uptick near 46
rsi in hourly above 60
Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing
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