Hello, Kotak bank shows a divergence (RSI) on 15 minute chart, However instead of exiting our long position we can hold the stock till it breaks down the trendline.
A recent example, that I personally encountered :
On 20th August - 24th August we could see a divergence on the Hourly chart of Hindustan Unilever, snapshot of which can be seen in the comments...
Selection of stocks by dynamically adding and removing based on their Relative Strength with respect to Benchmark , may be a very disciplined way to Do-It-Yourself rule based Equity Portfolio management.
I was wondering who is pushing the Bank Nifty, so I decided to visualize this by this simple comparison.
The three major PSU banks are compared with the NIFTY BANK there market cap is as follow
3 (25%) PSU banks out of 12 holds 28.05186836 % of NIFTY BANK VALUE.
9 (75%) Private banks out of 12 holds 71.94813164 % of NIFTY BANK.
...
The first two red candles indicate a two-day downward, and the green candle represents a slightly upward trend on the third day, which is completely contained by the body of the previous candle.
