prajwalbkumar

TVSMOTOR: Bearish RSI Divergence

Short
NSE:TVSMOTOR   TVS MOTOR CO
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 based on Support and Resistance analyzed on the Monthly/Weekly/ Daily Chart time frame.
P.S: Enter only if the stock breaks the Trend Line on 8th March 2020.

Let me know your thoughts on this.
Cheers!!!
Trade active: Trend Line Broken on 8th March. Can initiate a Short Position at this level and add more during a slight pullback.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out