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dhavaltrade
Nov 3, 2019 2:32 PM

Tata Elxsi Short

TATA ELXSINSE

Description

Tata Elxsi can be shorted once MACD becomes negative, RSI and MFI and Bollinger Band shows divergence, aggresive ones can go short righ away with stop loss of 835 for the target of 803 and if it breaks below 800 one can hold shorts for target of 771 since MACD transition from dark green bar to light green bar shows it has already started to turn, someone who wants to prempt the move can short immediately looking at risk to reward, however conservatives may wait till MACD shows a red bar below zero level

Trade closed: target reached

Comments
RadhakrishnanVellingiri
sir is it daily TF?
dhavaltrade
@RadhakrishnanVellingiri, yes its on daily chart, I have just expanded it so the divergence is visible , because the bars are too close to know.
RadhakrishnanVellingiri
@dhavaltrade, ok thank you
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