praveen.bhatiya

NHPC SHORT Channel and Divergence.

Short
NSE:NHPC   NHPC LTD
Channel and RSI Divergence are suggesting a short at current level for a target of 28.30 by providing a suitable Stop loss. However one can notice that Primary trend started on Aug 2015 is still intact and driving the prices higher so it is not for trend follower but small contra trend to add fast profit to your capital and exit.
Trade active: Trade looks better now after today's Bearish Kicking Candle.