NIFTY bearish divergence
Nifty has made a bearish divergence with RSI.
Going to initiate a short position once the support of 11710 is broken for a target of 11640 with a stop loss at 11742.
This is a simple analysis just using the indicators and basics of technical analysis.
Thanks,
Rasika
Going to initiate a short position once the support of 11710 is broken for a target of 11640 with a stop loss at 11742.
This is a simple analysis just using the indicators and basics of technical analysis.
Thanks,
Rasika
Trade active
Trade active
Trade active
Trade closed: target reached
KISS principle (Keep It Simple Silly)Not fancy indicators, no complicated techniques, no gimmicks!
Note
Bounced exactly at 11639.70
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.