Nifty 50 IndexLong
NIFTY BUYING SIGNAL AS BULLISH DIVERGENCE PRICE / RSI
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presenting nifty daily price action
bullish divergence price / rsi
buy if any bull candle appear
stop loss below 24700
target new life high
presenting nifty daily price action
bullish divergence price / rsi
buy if any bull candle appear
stop loss below 24700
target new life high
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Disclaimer :- Technical Analysis Charts provided for research purpose. Please be aware of the risk's involved in trading & seek independent advice, if necessary.Anmerkung
if this idea is use full
like and share also follow and comment your thought about this analysis
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q. whats is bullish divergence ?
A. A bullish divergence occurs when the RSI displays an oversold reading followed by a higher
low that appears with lower lows in the price. This may indicate rising bullish momentum,
and a break above oversold territory could be used to trigger a new long position.
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confirmation on short time frame as
hourly candle closed above previous hourly closing
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indian economic indicator
10 year GDP Growth 6.7
10 year interest rate 6.5
10 year inflation rate 3.65
10 year unemployment rate 8.5
10 year balance of trade (-29.7)billion usd
10 year goverment debt to Gdp 81.59
indian goverment bond yields current 6.966
GDP 3.55T USD
FULL YEAR GDP GROWTH 8.2%
REAL GDP 43.637 TRILLON INR
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one typing error on main picture stoploss 25700 but
that was 24700
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stop loss 24700 hold today
and our first buying criteri which i mention in discription is buy if any daily bull candle appear
so today price not given bull candle
wait and watch mode
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today first bull candle appear so buy with the stop loss of 24700 Anmerkung
stop loss 24700 on closing basis still safe
so currently risk reward is very much favorable for buyers
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mkt enters in to corrective phase be cautious and strict with stop losssAnmerkung
as stop loss 24700 triggered and after that sharp fall happened Anmerkung
stop loss generally triggered when trend goes to changeTrade geschlossen: Stop wurde erreicht
trade closed
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