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YashJain_44
Dec 23, 2018 5:09 PM

shorting opportunity. Short

LARSEN & TOUBRONSE

Description

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.
Comments
Omi123
Very nice analysis. I like your view. Keep updating us.
vdchopra
What a call ! Good analysis
praveen.bhatiya
Good Analysis I was having the same idea even posted here. :)
vdchopra
Stop-loss 1420?
YashJain_44
@vdchopra, sorry it's 1460
YashJain_44
@vdchopra, 1460 seems sensible to me. 1420 is too small o believe.
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