vanathi

Axis - Buy & Sell!

NSE:AXISBANK   AXIS BANK
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9
Buy 514.50 sl 511.50 trg 517 520 523
Sell 511.50 below sl 514.50 trg 508 505 502
Trade active: Sell @ 511.5 on 3/7/17
Trade closed: target reached: Target 1 and 2 reached on 3/8/17
Comment: Axis from 511.5 to 502. What a slow race!
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Comments

I prefer sell here
Reply
vanathi padiyara
@padiyara, When I post this chart it had hidden bullish divergence. It is broken now, and I expect the price to go down. It is going in tortoise speed :)
Reply
padiyara vanathi
@vanathi, yah right, the hidden divergence is also right, but just see the RSI is at mid support. And with in your chart itself see the other three locations when RSI is crossing 50 level.

first and 3rd cross is bullish. ok
but at middle a bearish one, when RSI cross 50 from top, it was very bearish.
Reply
@padiyara, What does this hidden divergence mean for.
+1 Reply
padiyara Eatsleeprepeat
@Eatsleeprepeat,
Hidden bullish divergence happens when price is making a higher low (HL), but the oscillators ,or any of them, is showing a lower low (LL)
hope i will make a detailed post later.
Reply