sandmehta2014

LICI - RSI Divergence

Long
sandmehta2014 Updated   
NSE:LICI   LIFE INSURA CORP OF INDIA
ENTRY: 696
TARGET 1: 720
TARGET 2: 750
SL: 670

RSI Divergence, But buy only if it hits ENTRY with high volume. Insure RSI is above 55 before buying.

Positives:
- RSI Divergence
- Weak Seller
- @ 696 It would break the R1 resistance of the pivot point.

Negatives:
- Still in a downtrend.
- No higher highs
Trade closed: stop reached
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