TradingView
BullofIndia
Jan 6, 2021 10:33 PM

RSI Divergence 

Description

7th Jan - Stock is trading at 166 - Rising Wedge is in formation along with a clear bearish divergence in RSI. Does it indicate an upcoming reversal in trend - we will come to know :)

Trade active

15th Jan - Price came to touch the treadline but still closed above it. Now we will see if it goes above or close below the treadline in upcoming days. If it breaks the treadline and closes below, the downfall target is next support level of Rs. 150 and 140.
More