NIFTY continuously treading higher and higher. However, the momentum keeps on reducing. This can be seen in Hourly Bearish divergences occurring in RSI and Momentum.
Short below the trendline break for the target of 15600 - 15450.
BEL has been on an uptrend from Support of 90, and recently it touched the level of 120.
120 has been a long term resistance, Only once in its lifetime the stock has successfully been able to break this level.
1. The momentum of the uptrend has fazed out after the level of 115
2. A doji candle is formed at the resistance level of 120
3. Bearish Divergence can be...