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  • shubh05

    •

    7 months

    Can we take a short entry in BSE????

    https://preview.redd.it/rwcoss5tc08e1.jpg?width=1920&format=pjpg&auto=webp&s=16729ffe06e49bb72a553dffe1005b951a310569 Market sentiment has been negative for the past few days, and I came across BSE, which could give us a short trade. Currently, BSE is trading near its all-time high and has entered a consolidation phase. On the hourly chart, the stock is slowly moving upward while finding support at a small trendline. However, the RSI is showing a downward trend, signaling a loss of momentum and forming a bearish RSI divergence. Additionally, the RMI (Rohit Momentum Indicator) has generated a sell signal. If the stock breaches its current support level, it could potentially decline toward the next support trendline, which coincides with the 40-day moving average. What are your thoughts on BSE's current setup?
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