RSI Divergance at Sona BLW
RSI divergence is spotted at this stock, at daily timeframe.
the stock is making a flat base near 460 level.
but the RSI value is continuously rising. which indicates positive divergence.
a Long trade can be initiated at 460 level,
for First target of 495
and second target of 510
Risk to reward ratio would be 1:2+
SL is a must, at 445 level.
the stock is making a flat base near 460 level.
but the RSI value is continuously rising. which indicates positive divergence.
a Long trade can be initiated at 460 level,
for First target of 495
and second target of 510
Risk to reward ratio would be 1:2+
SL is a must, at 445 level.
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