HINDUNILVR - Potential upside of 6% - RSI >30 and < 40
Updated
HINDUNILVR's price bounced back near 2492. The RSI has reversed its direction and is currently below 40. If the price revisits the recent peak around 2726, it could potentially result in an approximate 6% increase.
Note
It is taking longer than expected, but I am still confident on this as the price bounced off around 2461.Note
Still +ve about this idea. You can see the rebound around 2461 again on 16th NovTrade closed: target reached
took very long time than expected
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