Stock is sitting on Trendline and Horizontal support. RSI shows Bullish divergence and should bounce from here. Bullish Short term.
Notes on the chart. Trade safe, stay healthy. Do hit the like button as a token of appreciation. Enjoy the weekend. Regards Bravetotrade
in daily, price bounced from the support zone, also hidden bullish divergence is seen here. sl - 52, tgt1 - 60, tgt2 - 70
The pattern is formed by 3 consecutive symmetrical valleys where price and time symmetry is the most important key. The stock has formed perfectly the aforesaid pattern. It is also showing the divergence which confirms of possibility of a reversal from this level. The pattern typically offers excellent risk/reward ratio therefore one can invest/Trade the pattern...
In daily, price bounced from trend line support with good volume, regular bullish divergence formed here, also BB is expanding and candles are riding the upper BB also in weekly, good probability for round bottom formation sl - 845, tgt1 - 1100, tgt2 - 1180
Stock has corrected a lot in recent times. However, the channel has become very small in the descending triangle. Notice the volume and divergence that is forming. Would love to hear your views friends and mentors.