Double Bottom Pattern with an RSI Divergence in HAL on a Daily Timeframe!
Double Bottom Pattern Formation in
HAL !
Neckline Breakout in HAL!
Analysis:
HAL has made a Double bottom pattern on a daily timeframe after its downtrend so the trend is most likely to change. As we can see price made falling bottoms but RSI has made rising bottoms so there is a clear divergence as I have indicated in the chart. We also can see the optimum volume during the breakout and also the stock is retesting its new support.
Trade Setup:
Refer to the Analysis and make your own decisions as per your Risk to Reward Ratio
Disclaimer:
Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Double Bottom Pattern Formation in
HAL !Neckline Breakout in HAL!
Analysis:
HAL has made a Double bottom pattern on a daily timeframe after its downtrend so the trend is most likely to change. As we can see price made falling bottoms but RSI has made rising bottoms so there is a clear divergence as I have indicated in the chart. We also can see the optimum volume during the breakout and also the stock is retesting its new support.
Trade Setup:
Refer to the Analysis and make your own decisions as per your Risk to Reward Ratio
Disclaimer:
Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Trade fechado: stop atingido
Pattern Failure!
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.