Stock set for a deep plunge
Directional Signal- Double top is a directional signal present on the ADR of the counter. This is a bearish set up. On the other hand the stock has already given a breakout in NSE chart on the right. This is a big divergence.
Fib Analysis- The previous swing analysis is telling me this rally is not to be trusted.
RSI- RSI on the two time frame charts in the bear zone at price resistance is negative.
Conclusion- with the results due on 30th Jan I think this stock is all prepared to take a deep plunge.
Fib Analysis- The previous swing analysis is telling me this rally is not to be trusted.
RSI- RSI on the two time frame charts in the bear zone at price resistance is negative.
Conclusion- with the results due on 30th Jan I think this stock is all prepared to take a deep plunge.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.