Gujarat Fluorochem may start fall from this region.. Reason 1: It is showing negative divergance in daily charts which indicates for being cautious.. Reason 2 : In weekly charts it is Highly overbought (RSI 80) which confirms it may go downwards... Its Targets are : Target 1 : 770 Target 2 : 760 Target 3 : 750 SL : 788 Note: Do your own study...
In the hourly charts of Bharat Financial Inclusion a Negative RSI Divergance is forming which indicates stock price may fall... Here, Price making higher high where as, RSI making Lower Low formation... CMP 803.8 RSI 58 Be cautious..... Note: Do Your own study before making any position... Please Like , Follow and Comment your views below...
Nifty is showing three strong signals for correction Signal 1 : A Negative Divergance is seen on the daily charts of Nifty 50 which is showing weakness... Signal 2 : On weekly charts a Shooting star pattern is forming... Signal 3 : RSI at weekly charts is highly at overbought zones... Now for next few days small cap may run and many people will turn...
short tatasteel in zone of 488-492 with the sl of 504 closing bases...target should b around 458 ,then llikely around 444
* Bearish Harmonic on price * Bearish Harmonic on RSI * Negative divergence