This stock has been in a major uptrend since December last year.
After a long stretch of upmove, time seems to be ripe for Investors to start booking profits in this stock.
I can see an indication of profit booking commencing from the Negative Divergence and large Bearish Candle that it formed today.
Went short here with a stop loss above 169 for a target near 150 levels.
(However, one has to watch out for Result on May 18.)
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice.
Please consult your Financial Advisor for any investments.
After a long stretch of upmove, time seems to be ripe for Investors to start booking profits in this stock.
I can see an indication of profit booking commencing from the Negative Divergence and large Bearish Candle that it formed today.
Went short here with a stop loss above 169 for a target near 150 levels.
(However, one has to watch out for Result on May 18.)
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice.
Please consult your Financial Advisor for any investments.