L&T FINANCE - PERFECT RSI DIVERGENECE; LETS SEE HOW IT WORKS

L&T Finance Ltd. is an interesting chart with following

1. Positive RSI Divergence on Daily Chart
2. Price taking minor support at monthly super trend levels
3. Double Bottom with Outside and inside (Bollinger Band) Bars on daily chart
4. Major Trend line support on weekly chart near 122-132 zone
5. Price near 50% Fibonacci Retracement level at 135.45 and thereafter 61.8% retracement near 121.60 levels

6. Can be a good risk reward for a reversal trade

Caution: Stock as well as benchmark index both are in down trend with Stock's RSI below 40 on both Daily and Weekly charts. One must keep on radar with strict Stop loss as per one's own Risk reward matrix

Lets See How it evolves.

Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.