From the charts of UPL Limited (on 15 minutes or 1 hour), we can confirm the RSI trend is showing negative divergence with respect to the stock.
You can short the stock, when the shorting position is confirmed, when the stock breaks the uptrend line.
You can short the stock, when the shorting position is confirmed, when the stock breaks the uptrend line.
Trade closed: target reached
After I posted the idea, we got the confirmation in next hours, and got 9 pts for short. The stock was down 9 pts from the confirmation.
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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.
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.