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Sachin_r
Aug 1, 2022 11:42 AM

Supply zone and Bearish Divergence Short

NATCO PHARMA LTDNSE

Description

This post is only for knowledge purpose. Kindly do your own analysis before taking any trade.
Price is trading near supply zone, RSI showing overbought and we can see bearish divergence as well i.e. 3 Confirmations.
One can take short trade using bearish candlestick pattern.
Target : 630

Order cancelled

Trade Failed.

Comment

It created a bull trap. After that it started falling aggressively.

Trade closed: target reached

Made low of 636
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