It has been observed on the daily chart that the price action strongly breaks above the triangle formation pattern with a long candlestick that did not have a lower wick, indicated full control of buyers on price action. Now, it shall further move up to all time highs.
T1- 1875 T2-1900 SL-1810
Trade active
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Trade active
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Trade closed: stop reached
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Stop Loss breached and now trading at 1795. It can be further hold until it closes below 1790 on daily candle. Thanks
@Jeff233jose, Yes, it did but the significance of it will depend on the next candle, which is today's price action and forming of candlestick. Thanks
UnknownUnicorn1063347
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RSI show divergence will it affect....
NeeteshJain
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@updh, As I said before, in trending markets RSI and MACD do not affect much. This stock is trending and the trend shall continue until it drops below 1790 levels. Thanks
@updh, Yes, you're right on the RSI divergence but understand that the trend is still up until price action closes below 1790 on daily chart. Thanks for sharing.