Stock set for a deep plunge
Directional Signal- Double top is a directional signal present on the ADR of the counter. This is a bearish set up. On the other hand the stock has already given a breakout in NSE chart on the right. This is a big divergence.
Fib Analysis- The previous swing analysis is telling me this rally is not to be trusted.
RSI- RSI on the two time frame charts in the bear zone at price resistance is negative.
Conclusion- with the results due on 30th Jan I think this stock is all prepared to take a deep plunge.
Fib Analysis- The previous swing analysis is telling me this rally is not to be trusted.
RSI- RSI on the two time frame charts in the bear zone at price resistance is negative.
Conclusion- with the results due on 30th Jan I think this stock is all prepared to take a deep plunge.
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