gulz

Potential Bearish BAT with RSI Divergance , UPL 60 Mins

Short
NSE:UPL   UPL LTD
Hi,

A Bearish BAT completed on U.P.L LTD hourly chart.

Price is moving upside through a rising trend line ( both daily & hourly RSI showing strong divergence with current trend).

Let price break the trend line to make entry -

Trade with care.
Gulz

Trade active: Watch clear break down of the trend line before making entry
Trade active: Trend line broken
Trade active: Smooth fall

Comments

@gulz , Great Work.
Reply
gulz safri
@safri, Thank you
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Good spot though. Will keep an eye on this one, btw if I'm not wrong the targets would be 38.2 and 61.8% of A-D in the XABCD here right?
Reply
gulz HarshShivlani
@HarshShivlani, Thanks ( Targets would be rolled as price moved further from D leg , so it will be 38.2 & 61.8% Extended AD leg)
Reply
I thought the price should not move above X right?
Reply
gulz HarshShivlani
@HarshShivlani, Yes - you are correct for the pattern rules - But when i spotted the pattern price was not moved aboveX leg ( thats where i drawn blue dotted line - D leg completion) .

Expecting price should break soon - lets watch :) .
Reply
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