Look how bearish divergence from yesterday worked today in MGL
NSE:MGL
I have posted this in my earlier post for MGL .
BearishDivergence.
Hope you were on the right side today. (14-07-2021)
In starting of today it was a bull trap.
It is always to remember that never chase a long upside or long downside move in stock at the beginning of trade. 85% chances are there that it will reverse.
Though the target was small on the sell side from the given level, but it worked on the technical analysis .
Some might have short it from the higher level or top.
Some might have been trapped in the bull trap.
Always trade on levels. It will be always a safe trade. Avoid Trade tomorrow in MGL .
If you have any doubts/comments, do comments below.
I have posted this in my earlier post for MGL .
BearishDivergence.
Hope you were on the right side today. (14-07-2021)
In starting of today it was a bull trap.
It is always to remember that never chase a long upside or long downside move in stock at the beginning of trade. 85% chances are there that it will reverse.
Though the target was small on the sell side from the given level, but it worked on the technical analysis .
Some might have short it from the higher level or top.
Some might have been trapped in the bull trap.
Always trade on levels. It will be always a safe trade. Avoid Trade tomorrow in MGL .
If you have any doubts/comments, do comments below.
