Axis bank confirms negative divergence, can short your shares!

From the chart of 1 hour of Axis bank, and by using RSI, we can confirm that the RSI is taking reversal, which implies from RSI Chart that it is a negative divergence. If RSI Cuts the 56-57 levels, we can short axis bank. We can confirm the shorting with the nifty bank charts as similar patterns are watched on 1 hour chart of Nifty bank, negative divergence. So, wait for confirmation and then trade.
Do support me, and comment if you like the idea. Thank you.

Commentaire:

Also, we can see Double top pattern is forming in Axis bank chart. So keep watching fro any confirmation.

Commentaire:

After forming double top, axis bank gave 9-10 points for shorting. It went down till 393 from 403.

Now wait for RSI negative divergence confirmation. You can get good points for shorting.