praveen.bhatiya

Divergence reversal Long

Long
praveen.bhatiya Updated   
NSE:MCDOWELL_N   UNITED SPIRITS
Indicators are telling that price may try to reverse at this level, specially the RSI divergence when appears in oversold area. I will go long with small stop loss just some ticks below the low made today. IF it works it can give decent return so one can take chance by risking small amount. Good Luck
Trade closed: stop reached: Didn't work so closed with stop loss.

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