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praveen.bhatiya
Dec 16, 2018 11:42 AM

3 Drive on Top/RSI Divergence  Short

NESTLE INDIANSE

Description

The stock has formed a 3 Drive on Top reversal pattern at the 78.6 fib level of last swing. RSI is not supporting the 3rd top and showing divergence. It has came back to Bollinger Band so it seems to be a good short trading is possible here. One can shot below the 10890 with small SL of recent made high and expect the target of 10500/10100.

Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

Order cancelled

It is not following the pattern so cancelled the trading in it.
Comments
Amit_Ghosh
Disclaimer: Your ideas are awesome and classic technical analysis example. Financial consultancy is not needed haha.
praveen.bhatiya
@Amit_Ghosh, Thanks a lot Sir. Have a nice day.
Amit_Ghosh
@Praveen.bhatiya, As you posted a bull with you in photo. Do one with bear too. This is injustice. lol.
praveen.bhatiya
@Amit_Ghosh, I was sure to make him friend and but did not find one Bear ready to accept my friendship, Hopefully one day. :)
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