praveen.bhatiya
Short

BEL Bearish Divergence and candle !

NSE:BEL   BHARAT ELECTRONICS
The stock is making higher high but RSI is making Lower Highs thus telling the forthcoming weakness. It has formed Evening Doji Star pattern today confirming the possible reversal. One can short the stock here with SL high of today. Fib .618 level seems a reasonable target.
Comment: Trade is doing well slowly inching towards the target.
Comment: Trade kept me waiting for longer period however today's gap down bar reassure of reaching the target soon, continuing with trailing stop loss.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out