This idea is a follow-up to Bankbaroda
You can check the Link to Related Ideas.
Also, I have updated Target 2 as a bit lower level, seeing current market scenarios, Reason: Supply zone Top.
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your...
#Here on the daily chart of UPL, the trend is down since the month of june and now the trend is showing some signs of reversals. A divergence can be shown between Price and RSI, price is making lower lows but RSI is continously making higher lows.
#When we put a bollinger band over the price chart, we can see a "W" bottom pattern has formed on the same lows. 1st...
The Daily chart in BHEL shows a clear-cut W bottom pattern.
Let's call the first cable which crosses Neckline as Point A, and the first support as Point B.
when the candle finally crosses the neckline after creating W bottom draw a line from point a to point b. and place it above the neckline that shows the target. It's clearly seen that it has given a...