Follow up on UPL Analysis -
Earlier post reference on UPL dated 28 Oct 2015
http://yogeshtamkhade.blogspot.in/2015/10/upl-multi-frame-study-long-term-bullish.html
9 - Nov -2015
UPL is still testing the Support trend line -
Today's Observation -
* On Daily chart, lower low candle are forming since 6 days.
* Piercing Candlestick pattern formed on daily time frame after hammer candle which are the reversal pattern. But this piercing will confirm only when today's High is broken by tomorrows canndle and close above the today close.
* RSI is hovering near 40 level and formed the 2 bar +ve divergence which indicate the short term reversal can possible
Earlier post reference on UPL dated 28 Oct 2015
http://yogeshtamkhade.blogspot.in/2015/10/upl-multi-frame-study-long-term-bullish.html
9 - Nov -2015
UPL is still testing the Support trend line -
Today's Observation -
* On Daily chart, lower low candle are forming since 6 days.
* Piercing Candlestick pattern formed on daily time frame after hammer candle which are the reversal pattern. But this piercing will confirm only when today's High is broken by tomorrows canndle and close above the today close.
* RSI is hovering near 40 level and formed the 2 bar +ve divergence which indicate the short term reversal can possible
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