symbol:- apollotyre
current trend:- uptrend
moving averages :- 5 days , 21 days EMA of high and low used . currently the stock price is above 5day and 21 day EMA
Fibanocci Retracements:- We have calculated the Fibanocci retracements from 01 -Apr -2017 till today . The 30% Fibanocci retracement is at 260 and 61.80% Fibanocci retracement is at 240.
Indicator :- RSI . There is a negative divergence appearing on this indicator . Notice that the stock made a peak on 9th Jan 2018 and another peak on 17 April 2018 . That is the stock made higher highs and higher lows , while the RSI made lower highs . A perfect negative divergence.
Interpretation:- Short the stock if the 5 day crosses 21 day from above and the RSI breaks the signal line . Short at 240 or 260.