In weekly, after a strong uptrend, head & shoulder pattern formed then price broke the neckline and pattern confirmed.
Bolinger band is in downtrend and price is pushing the lower BB downwards.
So we can see selling pressure in metal stocks like tatasteel, hindzinc, welcorp, hindalco, vedanta etc.
Hello Friends I am new In Analysis and Keep Learning And Today im confused In This Chart Can anyone tell me This IS Downtrend Line Or Not?
I Think Bullish divergence Is Right But Not Sure about Trend Line
Please give me your valuable time to explain me