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..!!
Observations from TCS Chart:
1. Formation of an ascending triangle
2. A reversal from lower line is hinted by RSI divergence under formation.
3. Currently at lower price which has high risk to reward ratio.
4. Accumulate upto 3165. Set SL below 3150. Target 3750+
Right information at right time is the key..!!
