Is it a 'Breaish Divergence'?
Its my first Share in 'ideas'. This is just for educational purpose only. Correct me if i am wrong somewhere.
Here, this is a daily chart of Marico Ltd and it is in a consistent uptrend. A huge breakout can also be seen few weeks back with relatively huge volumes. But as the trend continues, a fade in the strength can be seen in the stock i.e. A Bearish Divergence has been spotted.
Lets see when it works. It can be a great dip to buy though. Don't forget to do your own analysis and share with me also.
Thank You
Here, this is a daily chart of Marico Ltd and it is in a consistent uptrend. A huge breakout can also be seen few weeks back with relatively huge volumes. But as the trend continues, a fade in the strength can be seen in the stock i.e. A Bearish Divergence has been spotted.
Lets see when it works. It can be a great dip to buy though. Don't forget to do your own analysis and share with me also.
Thank You
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