After a decent downtrend from 515 level to 380 level, Tech Mahindra has shown some strength. Price has made a double bottom at 380 level, following with a classical positive divergence seen on a line chart.
Expecting a move towards upper trendline which will act as a resistance at 410 level.
Learning here – Classic Positive Divergence RSI 14, Parallel Channel 5 wave movement.
Below are the charts for the reference.
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