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

ASIAN PAINTS LTDNSE

Description

⋅ Jan 26, 2021 6:13 AM

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

CMP : 2513
SL : 2420
Target : 2850

Almost 1:4 risk reward setup

Comments

webmaster6699

⋅ Jan 27, 2021 4:28 AM

I don’t think this will go up if it doesn’t cross 2510

srikartiram

⋅ Jan 27, 2021 4:33 AM

@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.

vpatil10

⋅ Jan 26, 2021 6:10 PM

Perfect Sri

ReviveTraders

⋅ Jan 26, 2021 1:57 PM

you saved me, I was thinking to short the asian paints 😀 thanks for sharing

Faayez

⋅ Jan 26, 2021 8:27 PM

@tradethetip, Divergence may fail also. If it failed then go short.

UnknownUnicorn15297892

⋅ Jan 27, 2021 7:58 AM

@tradethetip, laude lag gaye tere

rajbece

⋅ Jan 26, 2021 7:48 AM

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

srikartiram

⋅ Jan 27, 2021 2:14 AM