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pradipandsuvra
4. Dez. 2022 14:46
Precision Wire: Rounding bottom with momentum and volume
Long
NSE:PRECWIRE
1D
PRECISION WIRES IN
NSE
Beschreibung
⋅
4. Dez. 2022 14:46
NSE:PRECWIRE
has the follow features:
A clear rounding bottom consolidation
Then a breakout with a green hollow candle.
Volume is higher than average (vwma)
RSI is entering into 70 (OB) zone.
BUT
See the price made a higher high compared to 10th Nov candle, but RSI is low compared to 10th Nov. So, a weaker negative divergence may be forming.
Trade
: Buy above 116, SL: 107, T: 121/126
Sell below 107, SL: 110, T: 100/96
Trend Analysis
Double Top or Bottom
indianstocksanalysis
stocktowatchfor
roundingbottom
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