Larsen & Toubro showing bearish divergence in Weekly and Monthly
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-The Stock seems to lost its bullish momentum with bearish divergences(RSI) in weekly and monthly timeframes. -Prices seems to accumulate at the top with no or negligible bullish movement in last 5 months(No strong bullish explosive candle in last 5 months). -Inverted hammer in monthly with Evening star pattern in weekly indicating that stock may turn its trend to become bearish. -Any follow up candle to evening star in weekly time frame can trigger entry for short trade(Futures). -Looking to play Directional option strategies(Bearish) as this stock will not be strongly bullish(in short term) for sure. -Breakout of last inverted green hammer in monthly will change my view about this stock.