THE STOCK IS IN UPTREND.....AND THE NEWS REGARDING COMISSIONING OF 250 MW THERMAL POWER STATION SHOULD BE A NEW REASON FOR A PUSH ON THE UPPER SIDE.....AND TECHNICALLY THE STOCK HAS NOT MOVED BELOW THE LOW OF THE FIRST OF THREE CANDLE....i.e 22/3/2017...AND THE RECENT RED CANDLE HAS LOW HIGHER THAN THE OPENING OF THE GREEN CANDLE...SO BEARS WERE UNSUCESSFUL HERE....AND ALONG WITH THAT A DIVERGENCE CAN BE SEEN IN THE RSI AS WELL...
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1ST TARGET WILL BE 171.50 STOP LOSS WILL BE 164.80
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one can exit today....very small price range seen...
Trade closed manually
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praveen.bhatiya
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Which Divergence you are taking about please mark it for clarity. Thanks
GRINDELWALD
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@Praveen.bhatiya, WELL I HAVE MADE A MISTAKE REGARDING THE DIVERGENCE.....THNX FOR MAKING ME AWARE OF IT....