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praveen.bhatiya

BEL Short Wolfe Wave Divergence Oversold Intra day.

Short
BHARAT ELECTRONICS (NSE:BEL)  
praveen.bhatiya Updated   
NSE:BEL   BHARAT ELECTRONICS
BEL NIFTY Wolfe Wave divergnece Relative Strength Index (RSI) Moving Average Convergence / Divergence (MACD)
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bel nifty wolfewaves divergnece relativestrengthindex macd
Potential short may develop in the stock as it is making higher high but RSI is not supporting it and showing divergence. Its reading is also coming out of Overbought Zone. So far it is making Wolfe Wave. As if now trade has not developed yet but one can put it into the watch list to take the appropriate action timely.
Comment:
Setup seems to be ready sell on first sign of weakness.
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