casavitarehlan

ositive Divergence in Banknifty

Long
NSE:BANKNIFTY   NIFTY BANK
Positive Divergence in Banknifty Hourly Chart

Buy Banknifty @ 35790 SL 35669 Target 36870, 37200

Comments

i think the price will go down
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casavitarehlan TradeORama
@TradeORama, price already moves from 35754 to 35993.....and moves more higher as already closed above VWAP.......
Dnt u know VWAP Strategy?
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TradeORama casavitarehlan
@casavitarehlan, but there is a breakout in the chart..ryt??? so can it be an indication for pull back
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casavitarehlan TradeORama
@TradeORama, no breakout/no breakdown only range bound....breakout only above 36370 (futures)
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TradeORama casavitarehlan
@casavitarehlan, Hows the move?
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casavitarehlan TradeORama
@TradeORama, banknifty goes up as rsi divergence is there
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What is -+ divvergence? how to know about + - divergence? please guide
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@Tradee1, When Price Going upside and RSI Downside when a trendline is drawn at bottom, this is positive divergence.
When Price Going downside and RSI Upside when a trendline is drawn at bottom, this is positive divergence.

When Price Going upside and RSI Downside when a trendline is drawn at top, this is negative divergence.
When Price Going downside and RSI Upside when a trendline is drawn at top, this is negative divergence.

U can say as >(greater than) and < (less than) sign forms between Price and RSI.
Reply
@Tradee1, When Price Going upside and RSI Downside when a trendline is drawn at bottom, this is positive divergence.
When Price Going downside and RSI Upside when a trendline is drawn at bottom, this is positive divergence.

When Price Going upside and RSI Downside when a trendline is drawn at top, this is negative divergence.
When Price Going downside and RSI Upside when a trendline is drawn at top, this is negative divergence.

U can say as >(greater than) and < (less than) sign forms between Price and RSI.
Reply