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sasidatta
Oct 12, 2017 11:23 AM

BEARISH SIGNAL IN ASHOK LEYLAND - NEGATIVE DIVERGENCE  Short

ASHOK LEYLANDNSE

Description

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.
Comments
PUDIXI86
It will bounce back from the support looking at the indicators and trend.
sasidatta
@PUDIXI86, I have used two indicators RSI Divergence and Open Interest which are showing negative . Better to be cautious.
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