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praveen.bhatiya
Feb 12, 2017 3:48 PM

NHPC SHORT Channel and Divergence.  Short

NHPC LTDNSE

Description

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.
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