RSI Divergence on 1 hour TF
R 22526
S1 22223
S2 22058
S3 21876
Bearish RSI Divergence on 1 hour TF indicates weakness
If NIFTY sustains below 22223 then trail SL till the first level 22058 where the long-term Trend line may support. If this support breaks, trail SL till 21876 and it may slide till 21500 levels.
Upside is limited with PDH resistance placed at 22531.
S1 22223
S2 22058
S3 21876
Bearish RSI Divergence on 1 hour TF indicates weakness
If NIFTY sustains below 22223 then trail SL till the first level 22058 where the long-term Trend line may support. If this support breaks, trail SL till 21876 and it may slide till 21500 levels.
Upside is limited with PDH resistance placed at 22531.
Trade closed: target reached
Worked like a charm!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.