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nikky2201

Vaibhav Global going into downtrend!

Short
VAIBHAV GLOBAL LTD (NSE:VAIBHAVGBL)  
nikky2201  
NSE:VAIBHAVGBL   VAIBHAV GLOBAL LTD
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
I thought to enter into Vaibhav Global but it looks like this is going into downtrend. Reasons:
1. Rising Wedge Consolidation in progress
2. Negative Divergence supported by MACD
3. Negative Divergence supported by RSI.

I will wait for this correction to get over and then enter at right location.
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