Negative divergence between Price and RSI. The stock has touched the top of the trend line about 6 times but was unable to cross it. Today it tried a break out but was pushed to the lower end of the channel, with above average volumes. Today it also formed a Bearish Engulfing candle.
Target 1035 and SL is at 1115.
This is a personal view and the sharing is only to seek educational views. Please do not in any manner view this as advise, suggestion or recommendation for any sort of trading, whatsoever.
I am not SEBI registered too.
Target 1035 and SL is at 1115.
This is a personal view and the sharing is only to seek educational views. Please do not in any manner view this as advise, suggestion or recommendation for any sort of trading, whatsoever.
I am not SEBI registered too.
Comment:
The stock made a low of 1041.5 today and jumped back from there. So we did see almost a target and Stop Loss on the same day.