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.
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.
Above confluences suggests that there's a high probability of short term bullish reversal if price succeed in breaking the previous high.
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.
4. On a daily timeframe, 14 period RSI is forming a bullish divergence.
Above confluences suggests that there's a high probability of short term bullish reversal if price succeed in breaking the previous high.
