Canara Bank (CANBK) is showing bearish divergence with momentum and price which means that upmove is losing it's momentum
How can i say this ?
Because Prices are rising and momentum (RSI) is not rising in the given direction which shows lack of strenght, doesn't mean it cannot move upwards but the probability of moving down is more.
This view can help us,if not short then atleast staying light on the upside.
How can i say this ?
Because Prices are rising and momentum (RSI) is not rising in the given direction which shows lack of strenght, doesn't mean it cannot move upwards but the probability of moving down is more.
This view can help us,if not short then atleast staying light on the upside.