5PAISA - Short term bullish reversal

Let's understand multi timeframe analysis for 5PAISA.

1. Price has forming bullish harmonic bat pattern and is currently standing at a PRZ(Price Reversal Zone).
2. Price is approaching a key demand level in weekly and monthly timeframe.
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3. After making a consecutive LH-LL structure, price has finally made a HL which could suggest a reversal of a trend.
4. On a daily timeframe, 14 period RSI is forming a bullish divergence.
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Above confluences suggests that there's a high probability of short term bullish reversal if price succeed in breaking the previous high.
Demand ZoneharmonicbatHarmonic PatternsmultitimeframeanalysisrsidivergenceSupply and DemandTrend Analysis

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