eastwind65

Shasun Strides Bearish Divergence

NSE:STAR   STRIDES PHARMA SCI
125 1 5
Bearish Divergence on the short Term.
Since the price action is above the 200 EMA we have to be looking for long opportunities and will have to wait for the pull back and then break above the resistance in future to go long. The nearest major support is around the 378 levels and we have to see if it comes down to touch that level before making a break above the recent high which is around 397.
key level to watch will be 400. Below that chances of making fresh lows are high.
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