Div_Trader

Bharti Airtel Daily chart shows hidden Bearish RSI divergence

Short
Div_Trader Updated   
NSE:BHARTIARTL   BHARTI AIRTEL LTD
Stock has bounce 25% from the bottom and have now formed bearish divergence at this level of 475.

Stoch RSi is in Overbought territory since 27th oct. I believe some correction is required towards 450 for another attempt towards 500.

Invalid if daily closes above 485.
Trade active:
Though Stock went up towards 495 but Daily never closed above 485 so trade still active. Sell 480 with a stop of 495 now... for the target of 464 and 450.

Selling may accelerate in next few days and our targets must reach.
Trade closed: target reached:
Made low of 458 and only 1st target of 464 was reached.
Trade closed.

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