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RSI Divergence -

Short
NSE:BOMDYEING   BOMBAY DYEING &MFG
We saw an RSI Divergence during the 2nd week of May.
And the prices are breaking all the supports ever since.

All the other info is marked on the chart.

I would prefer to stay away from this stock until a strong bullish confirmation is received.

Comments

Also, just breaking above Kumo will not be enough to consider it bullish.
It must also break above the resistance of 303 for Chikou to be in open space.

Tenken Sen and Kijou are also indicating a strong bearish setup.

The current social sentiment is still bullish. But it would take a while or a strong move to counter all these bearish signals.
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