A divergence is seen between RSI and price , with RSI showing a downturn and price going higher. Expect some correction. But the long term view is bullish as is evident by long period of consolidation and increase in volume.Also RSI jas been around 80. Do let me know what u think ?
The price is moving in parallel channel as can be seen. So suppose once it reaches the lower line/ support, how to verify whether we can go long or we need to short. RSI Divergence comes handy here. We already have one confirmation that since price is moving in a channel and the lower line does seem to be support so it may bounce back.The next confirmation comes...
The chart is self-explanatory. Do comment and let me know what u think of. Will it bounce back or fall ?
The chart is self-explanatory.Please share your views on it. Thanks
The chart is self - explanatory. Its only a view. Trade at your own risk.
The chart is self-descriptive. Please share your views and observations. Thanks