YashJain_44

shorting opportunity.

Short
YashJain_44 Updated   
NSE:LT   LARSEN & TOUBRO
there is rsi bearish divergence on daily chart alongwith double top formation. also on last trading session there is formation of bearish engulfing candle pattern. the momentum is already slowed down. so i believe it is good shorting opportunity with target of 1380-1350-1300. sl being high the red candle formed on 21st dec that is 1460.
Comment:
stop loss can be the high of the red candle formed on 21st dec, that is, 1460.
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.