A clear bullish divergence is visible between price and RSI on the weekly chart:
Price made a lower low
RSI made a higher low (marked with arrows)
This is a strong reversal signal, indicating potential trend change to the upside.
📈 Trade Setup:
Entry: ₹687 (CMP)
1st Target: ₹832.70
2nd Target: ₹941.90
Stop Loss: Below recent swing low
Risk-Reward is favorable, and volume support is visible. RSI has also broken above the 45 level, suggesting strengthening momentum.
Price made a lower low
RSI made a higher low (marked with arrows)
This is a strong reversal signal, indicating potential trend change to the upside.
📈 Trade Setup:
Entry: ₹687 (CMP)
1st Target: ₹832.70
2nd Target: ₹941.90
Stop Loss: Below recent swing low
Risk-Reward is favorable, and volume support is visible. RSI has also broken above the 45 level, suggesting strengthening momentum.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.