nice buy or adding opportunity...../ After making covid low on 22nd march of 2020 ....Daily RSI was made new low....But price is far far away from covid low........is it called RSI divergence?
after 11 days ultratech manage to clsed over trendline.....will it sustain?
Simple trent line.
took internal trendline support, A took 5 days, B took 5 days, B failed to retrace A even 0.38, upward zigzag patern
Zigzag targets..now on support
Nifty waterfall effect by glenn neely
better to cover shorts
As B wave fail to retrace wave A more than 61.8 %..we can say it is Zigzag. purpul color. Contracting triangle formed in wave B...BD line of contracting triangle was broken voilently.... upward move is started .. minimum target is 1691...then 1878 in coming few weeks
sun pharma channelled