As per the chart we can see that recently we can see chart is moving into higher high and high low pattern, which is the initial sign on bullishness. stock is also moving into rising wedge channel, and able to touch the upper resistance level. even rsi also moving into same manner as a price […]
Tag: TECHNICAL CHART STUDY
ELGI EQUIPMENT – TECHNICAL CHART STUDY
As per the chart we can see that stock has made “SYMMETRIC TRIANGLE” chart pattern and able to hit the upper resistance level in last session. even candlestick has given a strong bullish candle on chart, with rsi still trying to move into overbought region. at this bottom reversal we seen a good and huge […]
TIMKEN – TECHNICAL CHART STUDY
If we look at the chart of this stock, its a amazing move we can observe on chart in no time. amazing thing to watch is stock never moved into oversold zone after march 2013 where it made its recent bottom with “POSITIVE BULLISH CONVERGENCE” on chart. and a big up move came in stock […]