It has been observed that there is a divergence in RSI in this stock. But surprisingly this stock is standing below the resistance line which was strong support sometimes back.
Here we are in two confusions.
will it break the resistance and go upwards.
or shall it take the declining parallel channel to go down.
The magic will show us by RSI regarding...
No Rocket Science.
Previous Resistance, Now acting as Support.
Keep n eye, But this one needs to sustain above resistance for couple of days to confirm.
Data is still looking weak.
With Indian IT sector looking strong, there are a few potential opportunities . HCLTECH is one. This seems to have formed a triangle within a triangle , where wave e itself is a triangle.
