1. Divergence with RSI on daily TF. 2. Still has not not broken the July candle range. 3. Look at the RSI. It has always taken an up thrust whenever it has come near the demand zone. 4. We have a similar formation in the stock this time.
The trend might reverse from here. These are my insights. I can be wrong as well.
for reversal, lower lows in Bollinger and higher lows in RSI required. my assumption, on 20th sep, few hrs goes to lower values (or) side way market, then its pickup to Uptrend direction.
my assumption, on 20th sep, few hrs goes to lower values (or) side way market, then its pickup to Uptrend direction.