DMart form Bearish RSI Divergences on Daily Chart

Hi Trader,

Dmart form Bearish RSI Divergences on Daily Chart .

Bearish View on stock till 200 sma :

1) D'Mart has faced resistance at zone of 1510 -1530 & downtrend started
2) Dmart form Bearish RSI Divergences on Daily Chart - RSI making low high & price making higher high.. See the chart for visual details
3) RSI taken support at 50 level many times , if rsi breaches this level it will freefall as bear fully control stock.
4) More Bearish if price breaches uptrend channel & 200 sma .

Target : 1425 (200 dma)
Strict Stoploss: Above Swing high of 1510 -1530 ( Resistance zone )

Happy Learning );

Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out