praveen.bhatiya
Short

BEML SHORT : Learning RSI Divergence!

NSE:BEML   BEML LTD
Divergence are lucrative and effective method to trade, however many people find it difficult to use so I am giving important points one should keep in mind:
1. RSI divergence should be used when formed in overbought or oversold Zone. Others may be used in combination with other studies but NO trade solely based on it.
2. Since we are handling here the situation against the trend and looking for reversal, we should be prepared mentally and be protected with reasonable Stop Loss.
3. Divergence formed at the bottom after a bearish run works better whereas at the top are difficult to handle and more often they trigger the stop loss first before moving. Probably, it is due to the forces that governs the prices : GREED and FEAR and we all know that FEAR is the stronger emotion.
Trade active: Shorted Fut @ 1332
Trade closed: target reached: Closed @ 1266.
good one mate
Reply
praveen.bhatiya AbhishekHiremath
@AbhishekHiremath, Thanks :)
Reply
GREAT DIVERGENCE IDEAS
Reply
@dandy235, Thanks.
Reply
Very nice view, the divergence marked very convincingly.

Thanks
Reply
@padiyaraa, Thanks Sir!
Reply
padiyaraa praveen.bhatiya
@praveen.bhatiya, you are welcome.
Reply
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out