UNITY FOODS LTD

UNITY:PSX forming a Symmetrical Triangle

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UNITY:PSX is presently observed to be in uptrend, printing HHs and HLs on 1D timeframe. However, it is observed to have formed a Bearish divergence on RSI alongwith forming a Symmetrical Triangle. Generally, Symmetrical Triangle is considered a continuition pattern and indicates continuation of the prevailing trend however, when read in conjunction with a Bearish divergence, we can be safely bet a break to the downside triggering a short entry.
Notwithstanding above, both Short and Long Entries have been marked on chart along with SLs and TPs.

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