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Short BPCL

Discussion in 'Technical Analysis' started by jignesh_acharya, Jun 5, 2015.

  1. jignesh_acharya

    jignesh_acharya Active Member

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    Planning to short BPCL with CMP 855, SL 865 and Target 830

    It is showing negative divergence on RSI
    Price fails to cross 865
    and volumes declining

    Shabbir, Your view please....
     

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    jignesh_acharya, Jun 5, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    I don't see a reason to be shorting this based on the patterns that I follow.
     
    shabbir, Jun 7, 2015
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