bank nifty bullish divergence

Sep 14, 2020

bank nifty has formed bullish divergence on hourly chart.

Sep 14, 2020

Note

-One should always wait for confirmation before taking a trade on divergence.
-Safe traders can initiate Long trade when price closes above hourly candle/or when
their setup gives bullish sign.
-Here in this case, bullish divergence has not given a confirmed buy signal.
-Here, price has also broken a trendline support. So, one should be extra cautious.

Sep 17, 2020

Trade closed: target reached