Thursday, February 28, 2013

TATA COFFEE ANALYSIS 28 FEB



 Tata coffee one year daily chart:
It is showing higher highs(PC) and lower highs(RSI) means Bearish divergence. And after it falls.
Second one is higher lows(PC) and lower lows(RSI) means Positive divergence.




Now look at it again carefully!
You will find that it is now going to make a lower low(PC) and higher low(RSI) means bullish divergence. Hence its price is going up in near future.

I am just using divergence and support-resistance level to analyzing any stock these days.

1 comment:

  1. Update on 4/03/13

    open 1420
    close 1419.6
    prev close 1417.45


    Today I found a small white candle after many days...

    ReplyDelete