CONCEPT IN PLAY || GLENMARK
An excellent concept of divergence was shown in the charts of GLENMARK Pharma when a revisit of September 2018 heights happened in the first week of January 2019 but then it happened with a decrease in the momentum in the move and hence it was imminent on the RSI.
A double top and a divergent RSI were perfect indicators to show that the move in GLENMARK would halt temporarily. Has been agood short since then. Might be able to give a couple of percent more.
A double top and a divergent RSI were perfect indicators to show that the move in GLENMARK would halt temporarily. Has been agood short since then. Might be able to give a couple of percent more.
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