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SWING OPPORTUNITY IN SH KELKAR

Long
S H KELKAR AND COM (NSE:SHK)  
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NSE:SHK   S H KELKAR AND COM
Trend Analysis Technical Indicators shkelkarandcom nseindia indianstocks lowriskhighrewardplay swingtrading shortterm Divergence nvsideas
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trendanalysis indicator shkelkarandcom nseindia indianstocks lowriskhighrewardplay swingtrading shortterm divergence nvsideas
A Swing trade opportunity is found in SH Kelkar and co. as:

1. Price reversed from lower trend line of parallel channel.
2. Continues hidden bullish divergence is observed between price and RSI. ie, while price making higher lows, RSI makes lower lows.

SL: 161
Target: 198+

Happy trading..!!
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