Positive Divergence : Orient Bank

NSE ORIENTBANK EQ_Daily_1Year

 

After a steep decline , prices tried to halt near its crucial levels with few positive signs. As seen volume has pierced past 1 years average volume and below MACD nad Volume Oscillator is indicating a double positive divergence.

Previous candle also formed a Hamari candle stick  AND Shaved bottom pattern , which might act as a strong base. Hence we place our bullish bet till 210-215 levels with 190 SL.

 

 

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One thought on “Positive Divergence : Orient Bank

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