ANGELONE CMP 1445 has formed Inverted Head & Shoulder Pattern on Daily Timeframe. Volumes are Rising. RSI (14) - 71, ADX - 31 Strong Breakout Support- 1345 Resistance- 1675
Taking support on 20 MA with RSI support. Monthly RSI > Weekly RSI > Daily RSI. Exhaustion of selling volumes. SL 246 and Target 318 on positional. For educational purpose only. Consult your financial advisor before investing.
RSI 14 is above 60, which is showing strong momentum. Trend reversal is seen with a strong bullish candle supported by high volumes. SL 158, if it breaks 180 which is resistance then can show more upside