IOC, bearish view, RSI indicator showing downtrend in stock. Good time to take short position to earn handsome returns – EQSIS PRO

D Dhanesh, December 22, 2018, IOC

Sell at 139.1, Stop loss :142.8, Target : 128. The RSI indicator shows a reversal down trend in the stock.

1 Comment

Naresh 5 years ago

Hi,
When RSI moves above 70, it is overbought and could lead to a downward move. In this stock it didn’t cross the level.

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