archis95

bearish reversal divergence-Jindal steel and power

Short
NSE:JINDALSTEL   JINDAL STEEL & PWR
Jindal steel making clear higher highs but Macd is making a lower low indicating a further fall in price.
one can sell @cmp with SL@157.5
R:R would be 1.8
target -148.5
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.