Bearish divergence
Positional sell
Relative strength divergence on monthly wrt to Nifty (12 months)
Range breakdown from 20 to 12=8 pts
Measured move from breakdown
12-8=4 price target
4 months Price consolidation near 65 months channel trendline low.
Sl 9.5 on closing.
Relative strength divergence on monthly wrt to Nifty (12 months)
Range breakdown from 20 to 12=8 pts
Measured move from breakdown
12-8=4 price target
4 months Price consolidation near 65 months channel trendline low.
Sl 9.5 on closing.
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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.