RSI Divergence on 1 hour TFR 22526
S1 22223
S2 22058
S3 21876
Bearish RSI Divergence on 1 hour TF indicates weakness
If NIFTY sustains below 22223 then trail SL till the first level 22058 where the long-term Trend line may support. If this support breaks, trail SL till 21876 and it may slide till 21500 levels.
Upside is limited with PDH resistance placed at 22531.
Tuesday
Indian Oil - Triple Top Breakdown ??Indian Oil Corporation has formed triple top and now tested the support zone thrice in last 4 months.
If stock breaks 90 then aim for targets of 88.25, 87.50 & 84.50 next week
On the other hand if stock bounces from support and breaks 92.50 then aim 94.70, 96.70 and 97.50 in next wekk
P.S. --- This stock is not good for Intraday so consider only swing
Intec Pharma LTD stock analysisCompany: Intec Pharma LTD
Quote:NASDAQ: NTEC
Buy Target : $6.90 (original hold) $7.25 Second entry
Sell Target: $30 EOY ,
Description: Intec Pharma Ltd., a clinical stage biopharmaceutical company, focuses on developing drugs based on its proprietary Accordion Pill platform technology in Israel. It's Accordion Pill is an oral drug delivery system that is designed to enhance the efficacy and safety of existing drugs and drugs in development by utilizing a gastric retention and specific release mechanism.
Short Interest:
Short Percent of Float ?%
Short % Increase / Decrease 21 %
Tapes last week: 1/5 Very bearish no major buying and large sell blocks during the week
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