Tips India stock has been having a stellar run. At the moment, the stock is having a negative RSI Divergence at around severely overbought zone. This may result in some cooling off in the rally and that can be a good opportunity to take a position in this stock. Fundamentally, very strong stock.
The next few days price action will tell us if this divergence had an effect or it got sorted out. So any trade decision need to be taken only upon a valid Price Action confirmation.
The next few days price action will tell us if this divergence had an effect or it got sorted out. So any trade decision need to be taken only upon a valid Price Action confirmation.
Trade active:
The stock closed Red today. Possibly the effects of the RSI Divergence. Should be kept in the watchlist and an entry can be made on a suitable bullish Price Action.