Price action of Dabur has broken the upward trendline indicating bearishness. RSI and TSI shows hidden bearish divergence. Hidden bearish divergence happens when price is making a lower high (LH), but the oscillator is showing a higher high (HH). Dabur is sell below 278 with the stoploss of 279. Targets are 270, 268 and 265. Always protect your profit with trail stop.
Trade active:
Sell @ 275 on 3/9/17
Trade active:
Didnt hit the stoploss even in this euphoria market movement, trending @ 272
Trade closed: stop reached:
Flag break out. Is it forming cup and handle?
