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Shadab_07
Jun 10, 2021 9:22 AM

Irb Infrastructure Developers Ltd Short Short

IRB INFRASTRUCTURENSE

Description

A divergence is seen between RSI and price , with RSI showing a downturn and price going higher. Expect some correction. But the long term view is bullish as is evident by long period of consolidation and increase in volume.Also RSI jas been around 80.

Do let me know what u think ?

Order cancelled

Seems the share doesn't respect deviation .
Comments
sohanjaiswal
well we can go short but for a short time and it could be a very high risk trade. firstly the price just broke it's resistance level so it will start a bullish trend but as there is a divergence it can come down a bit and retest the level and than start moving higher
Shadab_07
@sohanjaiswal agree with u and that's why I wrote that for long term I am bullish on this share.
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