JSW Steel - Bearish RSI Divergence on daily chart

2020年12月7日

Big Bearish RSI Divergence on daily chart can be seen.

Last two daily candles closed red and 375 is turning out to be a resistance apparently.

I would Go short with a stop of Yesterday's high which is around 377.

Targets are 350 , 330 and 300.

Expecting to hit targets by the end of january.

2020年12月16日

交易進行

353.5 was the low. So, no targets were hit and stock is back up at 375. Daily close above 375 will invalidate the setup.

2020年12月28日

交易結束：目標達成

Target of 350 was reached and quickly bounced back.

Trade invalid because closed above previous local high.