BEL Bearish Divergence and candle !

Zaktualizowano
The stock is making higher high but RSI is making Lower Highs thus telling the forthcoming weakness. It has formed Evening Doji Star pattern today confirming the possible reversal. One can short the stock here with SL high of today. Fib .618 level seems a reasonable target.
Uwaga
Trade is doing well slowly inching towards the target.
Uwaga
Trade kept me waiting for longer period however today's gap down bar reassure of reaching the target soon, continuing with trailing stop loss.
BELDivergenceNIFTYRelative Strength Index (RSI)short

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