In my opinion it is the most prominent sell for this year. Point noted on Daily Chart, 1. Prices reached at previous resistance, (looking for selling tomorrow) 2. Bearish RSI Divergence 3. Triangle Breakout pattern on weekly and Daily Chart 4. Structure trading - Lower High and Lows Right now, it is at the lowest risk to enter this one. Cheers
I personally feel that it is a Great opportunity to short this one at current levels. On my personal view, I believe it has broke out from a consolidated triangle pattern and has also changed the trend by making lower highs. This seems as a trend change for this one. 1. RSI Divergence 2. Triangle breakout pattern 3. Structure confirmation of lower highs On...
Currently, symmetrical triangle breakout move confirms the down trend as it has also made Lower Highs and Lower Lows (marked in red), which denotes change in trend. MACD is also turns in negative as well as AO. - confirms downtrend too. Therefore, due to above confirmation, I would recommend to short this one for the initial target for 2264 SL2450 and duration...
Stock on its way to complete LEG D of Bearish BAT around 2594/2600 levels, good levels to short
It is clearly shown in chart that prices have taken support of lower band around 2160/2180 and it has moved towards north to touch higher band 2500/2520. It should be accumulate on every dip as it is expected to form higher high- higher low pattern. Trading above the higher band likely to trade higher till 2700