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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.