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RSI DIVERGENCE - RADICO KHAITAN

RADICO KHAITAN (NSE:RADICO)  
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NSE:RADICO   RADICO KHAITAN
Oscillators divergencetrading radicokhaitan dailychartanalysis indianstockmarket indianstocksanalysis changeoftrend
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oscillator divergencetrading radicokhaitan dailychartanalysis indianstockmarket indianstocksanalysis changeoftrend
RADICO - DAILY CHART ANALYSIS

  • The price was heading down, making lower lows.

  • Initially, the RSI indicator was following the price too.

  • on daily chart its seen that the RSI starts making higher lows while the price is still heading down.

  • That’s when divergence pattern appears.

  • After a bullish divergence, the price will tend to change from a downtrend to an uptrend.

PLEASE NOTE THAT:
  1. This chart analysis is only for reference purpose.
  2. This is not buying or selling recommendations.
  3. I am not SEBI registered.
  4. Please consult your financial advisor before taking any trade.
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Penafian

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