I've been looking for short move since 2nd week of the September. As shown in chart price is showing sell sign by divergence On RSI and MACD both.
When price move forward in our forecasting direction then Move SL past the entry. If it's not the move down then we again look for the sell opportunities.
On the daily charts of Piramal Enterprise, Negative RSI Divergance has been formed...
Looking towards price, it is standing on important support...
RSI Negative Divergance is indicating that it may break that support,
If it breaks that support we may see more down side..
Targets will be 2760/2700/2650/2600
SL will be 2800
If it dosent break that then target...