nalinakshi

It is indicating profit booking

NSE:BAJFINANCE   BAJAJ FINANCE LTD
rsi and price divergence seen here indicating profit booking.
Comment:
Comment: 15 minute chart divergence is clearly visible
Comment:
Comment: slowly coming down
Comment: bek=low 2056 target 1972. this is the power of divergence, it takes time

Comments

So it a short on Monday ?
Reply
nalinakshi venkat8
@venkat8, see the chart , if it doesnot cross 2156 to 2165 in first 45 minutes and starts trading belw the you can go short and can expect around 40 to 50 points down
Reply
nalinakshi nalinakshi
if you know how to take short position and when to take short position that becomes easy. intraday trading is an art and one should apply their full knowledge of price action. ATR will help you to keep stoplosses
+1 Reply
venkat8 nalinakshi
@nalinakshi, Thank you
Reply
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