prajwalbkumar

SHREECEM: Bearish RSI Divergence

Short
NSE:SHREECEM   SHREE CEMENT LTD
Bearish RSI Divergence spotted on the Daily time frame. The price has been consolidating for the past one week while showing losing momentum with the falling RSI .

Entry Point has been marked along with Strict Stop Loss and Target 1 and Target 2 based on Support and Resistance analyzed on the Monthly/Weekly/ Daily Chart time frame. Book partial profits at Target 1.
P.S: Enter only if the stock breaks the Trend Line on 8th March 2020.

Let me know your thoughts on this.
Cheers!!!
Trade closed: stop reached

Comments

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