Div_Trader

JSW Steel - Bearish RSI Divergence on daily chart

Short
Div_Trader Aggiornato   
NSE:JSWSTEEL   JSW STEEL LTD
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.
Trade attivo:
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.
Trade chiuso: obiettivo raggiunto:
Target of 350 was reached and quickly bounced back.

Trade invalid because closed above previous local high.

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