NIFTY bearish divergence Short

Nifty 50 IndexNSE

Description

⋅ Aug 29, 2018 7:41 AM

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

Trade active

⋅ Aug 29, 2018 8:03 AM

Trade active

⋅ Aug 29, 2018 1:01 PM

Trade active

⋅ Aug 30, 2018 4:04 AM

Trade closed: target reached

⋅ Aug 30, 2018 9:47 AM

KISS principle (Keep It Simple Silly)
Not fancy indicators, no complicated techniques, no gimmicks!

Comment

⋅ Aug 30, 2018 9:50 AM

Bounced exactly at 11639.70

Comments

pk99133

⋅ Aug 30, 2018 5:04 PM

Superb Bottom Level touched. Perfectly.............kissed.. PLease make some levels on BN , weekly positional if possible..

Rasika_S_Patel

⋅ Aug 30, 2018 5:08 PM

thank you @pk99133 for the support. will post many such ideas everyday.

pk99133

⋅ Aug 30, 2018 5:09 PM

@Rasika_S_Patel, Thats Great , I keep watching your all ideas, I am Pravin Patel from Ahmedabad..

rajivahuja.rka

⋅ Aug 30, 2018 10:23 AM

Good, what next ?

rajivahuja.rka

⋅ Aug 29, 2018 3:43 PM

Nice observation

Rasika_S_Patel

⋅ Aug 29, 2018 4:17 PM

thank you @Rajivahuja.rka,