NIFTY bearish divergence

NSE:NIFTY   Nifty 50 Index
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 .

Trade active
Trade active
Trade active
Trade closed: target reached: KISS principle (Keep It Simple Silly)
Not fancy indicators, no complicated techniques, no gimmicks!
Comment: Bounced exactly at 11639.70


Superb Bottom Level touched. Perfectly.............kissed.. PLease make some levels on BN , weekly positional if possible..
+1 Reply
thank you @pk99133 for the support. will post many such ideas everyday.
pk99133 Rasika_S_Patel
@Rasika_S_Patel, Thats Great , I keep watching your all ideas, I am Pravin Patel from Ahmedabad..
Good, what next ?
Nice observation
Rasika_S_Patel rajivahuja.rka
thank you @rajivahuja.rka,
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