Bullish Divergence in TIDE WATER OIL.

Bullish divergence in the RSI indicator and good upside movement with good spike in volume can be seen in TIDE WATER OIL. Buying at current levels can be a good pick. Above horizantal lines in the chart are the targets for this trade, would suggest to book some part of your profit at every horizontal line/resistance. Can go for the target of levels 2147.30, 2280, 2599.80 and the ultimate target is of level 2780.15. timeframe for this trade could be 8-14 weeks. Go with the strict stoploss of candle closing below 1960 level. ( Those who can keep patience can go with the stoploss of 1780 level).

THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART AND TECHNICAL INDICATOR, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR SECURITY/STOCK/SHARE.

Trade chiuso: stop raggiunto:

totally went against our view.