Short divis lab below 4028
The top has been breached and a fall is expected after the first pullback. The stock is low on volumes with a negative RSI diversion and is advancing its 200 ema. More fall will be there if it breaks the trend line.
Buy Ashok Leyland above 112.5.
Stoploss- Below 105 (Closing Basis)
Strong support at current levels with a positive MACD diversion. The risk reward is good and the stock is showing good volumes.
My Technical Analysis
1. AUDCAD broke the downtrend line on the daily timeframe and started its uptrend.
2. Price Respected the support zone on 4hr timeframe proving our buy bias.
3. Discovered a Divergence on the 1hr timeframe and price started a short term downtrend.
4. Recently Discovered another divergence on the 15min timeframe indicating a potential...
Cloud bottom provided the support and now price will try to bounce back and breakout of the cloud.
Targets in green line, Stoploss in red.
Please do your own research before investing.
This is not a trade advice.