BPCL is making a H&S pattern and interesting bearish divergence.
BPCL made a high of 753.55 on 3rd May (Head of H&S) and there is very clear bearish divergence is visible in RSI and stochastic.
On 16th May in made right shoulder (735). But on stochastic it showing higher high and on price chart it is lower high.
BPCL made a high of 753.55 on 3rd May (Head of H&S) and there is very clear bearish divergence is visible in RSI and stochastic.
On 16th May in made right shoulder (735). But on stochastic it showing higher high and on price chart it is lower high.
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