Double Bottom Pattern with an RSI Divergence in HAL on a Daily Timeframe! Double Bottom Pattern Formation in HAL ! Neckline Breakout in HAL!
Analysis: HAL has made a Double bottom pattern on a daily timeframe after its downtrend so the trend is most likely to change. As we can see price made falling bottoms but RSI has made rising bottoms so there is a clear divergence as I have indicated in the chart. We also can see the optimum volume during the breakout and also the stock is retesting its new support.
Trade Setup: Refer to the Analysis and make your own decisions as per your Risk to Reward Ratio
Disclaimer: Consider my analysis for Educational Purposes only.
Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital