sasidatta
Short

BEARISH SIGNAL IN ASHOK LEYLAND - NEGATIVE DIVERGENCE

NSE:ASHOKLEY   ASHOK LEYLAND
We cloud observe Bearish signal generated in Ashok Leyland chart.

Short Term Traders can cover LONG positions and book profits.

Keep the Trailing stop loss as the support trend line .

We could see Volumes going DOWN as price going UP.

We'll check once the support line broken.
Oct 18
Trade closed manually: RSI channel resistance crossed.sorry for wrong idea.

Comments

It will bounce back from the support looking at the indicators and trend.
Reply
sasidatta PUDIXI86
@PUDIXI86, I have used two indicators RSI Divergence and Open Interest which are showing negative . Better to be cautious.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out