BharatJhunjhunwala

RSI is facing resistance at the extreme levels.

Short
NSE:TATAGLOBAL   None
The RSI is facing resistance at the bearish extreme levels. We can notice the price action hasn't been too supportive for longs. A not so prominent H&S is noticed. Breaking below the neckline may result into deep corrections.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com

Comments

Thanks, any levels to watch?
+1 Reply
Also on weekly chart it is Double Top. If you see the weekly chart, in last 4 candels sellers are upper hand.
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Beautiful. I wish you drew the neckline too. Still thanks for the post.
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