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Bearish Divergence in Adanient
Hello Traders. I've observed bearish divergence in ADANIENT . It seems strength wise resistance has been achieved by the price and now it's time for a small retracing wave.
In past few trading sessions indecisive, small and weak candles have formed. This shows the weakness and buyers are no longer willing to drive the price further high. 1715 is the POC level. One can enter near the level if the price comes around.
Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
ADANIENT . It seems strength wise resistance has been achieved by the price and now it's time for a small retracing wave. In past few trading sessions indecisive, small and weak candles have formed. This shows the weakness and buyers are no longer willing to drive the price further high. 1715 is the POC level. One can enter near the level if the price comes around.
Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
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