Stock name: Titan
Pattern: RSI Divergence
Time frame: Daily
Titan has been consolidating in a range for the last few days (2530 to 2750) and is currently near the bottom of the range. It seems that a double bottom pattern may be in formation and the stock may go up from here, however an RSI divergence is also visible in this stock, (which means that the price has made a higher low but RSI has made a lower low) indicating weakness in upward momentum.
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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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