Appears bearish divergence, short century textiles.
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sankalpchordia
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Hi,
I am new to technical analysis..here is one question..you are saying this is RSI bearish divergence but as you have marked in rsi trendline that trendline is broken i.e resistance is broken so it should be bullish right..please guide me how its a shorting opportunity and also tell me as you are saying short you meant on intraday basis or like buying a put option for this.
Trade-Wealth
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@sankalpchordia, Stock shall make higher high but RSI will keep flat or lower low
I am new to technical analysis..here is one question..you are saying this is RSI bearish divergence but as you have marked in rsi trendline that trendline is broken i.e resistance is broken so it should be bullish right..please guide me how its a shorting opportunity and also tell me as you are saying short you meant on intraday basis or like buying a put option for this.