ZYDUSLIFE - A NEGATIVE RSI DIVERGNCE LETS SEE HOW IT EVOLVES
Zydus Lifesciences Ltd. Negative RSI Divergence on weekly chart
1. A picture Perfect negative RSI divergence on weekly chart
2. Price forming higher highs where as RSI is sliding downwards
3. Super Trend Turned sell on weekly chart
4. Fall in price followed by huge volume candles
5. RSI on daily near 40
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to have some with my own Risk Reward matrix
1. A picture Perfect negative RSI divergence on weekly chart
2. Price forming higher highs where as RSI is sliding downwards
3. Super Trend Turned sell on weekly chart
4. Fall in price followed by huge volume candles
5. RSI on daily near 40
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to have some with my own Risk Reward matrix
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