srikartiram

ASIANPAINT | RSI divergence, looks like it is stablized - 14%

Long
NSE:ASIANPAINT   ASIAN PAINTS LTD
ASIANPAINT | RSI divergence, looks like it is stablized - Potentially 14%

CMP : 2513
SL : 2420
Target : 2850

Almost 1:4 risk reward setup

Comments

I don’t think this will go up if it doesn’t cross 2510
+1 Reply
srikartiram webmaster6699
@webmaster6699, whenever i see RSI divergence i consider to sell OTM PUT or OTM CALL option most of the time, because its a signal of Momentum loss.
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Perfect Sri
+1 Reply
you saved me, I was thinking to short the asian paints 😀 thanks for sharing
+1 Reply
Faayez Market_Paradox
@Market_Paradox, Divergence may fail also. If it failed then go short.
Reply
@Market_Paradox, laude lag gaye tere
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need to some session to consolidate then we can predict to go up or down by pattern breakout..that is good entry from my point of view
+1 Reply
Comment removed.
srikartiram RYAN12340
@RYAN12340, haha
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