BALKRISHNA INDUSTRIES : Bullish RSI Divergence

6. Aug. 2017

• Price action is trading at support levels and has formed bullish RSI divergence.
  
  
• Falling wedge pattern might be broken out soon as price is repeatedly getting supported at 1585-1590 range.
  
  
• 2 spinning tops formed recently with significant volume considering other volume of candles in the vicinity. Spinning tops suggest indecision.
  
  
• Volume declining with price, supply getting exhausted.
  

7. Aug. 2017

Trade ist aktiv

7. Aug. 2017

Anmerkung

Resistance at channel top

7. Aug. 2017

Anmerkung

Channel broken on the upside.

16. Aug. 2017

Trade wurde manuell geschlossen

Late update. Trade was closed at channel resistance.