RSI Divergence - Short

BOMBAY DYEING &MFGNSE

Description

⋅ May 31, 2018 3:15 PM

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

getmohsin.py

⋅ May 31, 2018 3:20 PM

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.