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nalinakshi
May 19, 2018 3:21 AM

It is indicating profit booking 

BAJAJ FINANCE LTDNSE

Description

rsi and price divergence seen here indicating profit booking.

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15 minute chart divergence is clearly visible

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slowly coming down

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bek=low 2056 target 1972. this is the power of divergence, it takes time
Comments
venkat8
So it a short on Monday ?
nalinakshi
nalinakshi
@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
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
venkat8
@nalinakshi, Thank you
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