Nifty index is showing strong bullishness.
Price breaks the All time High again and printed a New High.
An Impulse move is identified but no corrective move detected, so those who wants to go long again,
wait for the price to retrace back.
wait for reversal in NIFTY index. Keep in long side as long as price in a channel.
----------------------------------------------------------------------------------------
What RSI Divergence saying is::
If the stock is making new highs,
but the RSI starts making lower highs, this warns the price uptrend may be weakening.
This is negative divergence.
The trader can then determine if they want to exit the position or set a stop loss in case the price starts to decline.
Price breaks the All time High again and printed a New High.
An Impulse move is identified but no corrective move detected, so those who wants to go long again,
wait for the price to retrace back.
wait for reversal in NIFTY index. Keep in long side as long as price in a channel.
----------------------------------------------------------------------------------------
What RSI Divergence saying is::
If the stock is making new highs,
but the RSI starts making lower highs, this warns the price uptrend may be weakening.
This is negative divergence.
The trader can then determine if they want to exit the position or set a stop loss in case the price starts to decline.
Not
Not
price consolidation will observe in this place.
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
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" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.