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.
Trade closed manually: RSI channel resistance crossed.sorry for wrong idea.
It will bounce back from the support looking at the indicators and trend.
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sasidatta PUDIXI86
@PUDIXI86, I have used two indicators RSI Divergence and Open Interest which are showing negative . Better to be cautious.
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