TECHM may fall on tuesday, can go short

٣١ أغسطس ٢٠٢٠

TECHMAHINDRA is showing a bearish divergence on the RSI indicator. It is forming higher highs in the chart and forming lower highs in RSI thus indicating a bearish divergence, also it has shown a negative MACD crossover in the 1 hour time frame,thus giving a sell signal.
First target would be of 724 and my stoploss would be at 763.