It has been observed in one hour chart of biocon, the price action has broken the upward channel.
RSI has formed a regular bearish divergence. When the price is making a higher high (HH), but the oscillator is making lower high (LH), it means regular bearish divergence has formed. MACD is showing weakness. Sell below 1125 with the stoploss of 1140. Targets are 1110, 1100 and 1090. Always follow your trading plan.
RSI has formed a regular bearish divergence. When the price is making a higher high (HH), but the oscillator is making lower high (LH), it means regular bearish divergence has formed. MACD is showing weakness. Sell below 1125 with the stoploss of 1140. Targets are 1110, 1100 and 1090. Always follow your trading plan.
Trade active:
@ 1125
Comment:
Target 1 reached!
Comment:
Target 2 reached on 4/7/17