RADICO
- DAILY CHART ANALYSIS - The price was heading down, making lower lows.
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- Initially, the RSI indicator was following the price too.
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- on daily chart its seen that the RSI starts making higher lows while the price is still heading down.
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- That’s when divergence pattern appears.
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- After a bullish divergence, the price will tend to change from a downtrend to an uptrend.
PLEASE NOTE THAT:
- This chart analysis is only for reference purpose.
- This is not buying or selling recommendations.
- I am not SEBI registered.
- Please consult your financial advisor before taking any trade.
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