NIFTY BUYING SIGNAL AS BULLISH DIVERGENCE PRICE / RSI

Oct 5

HELLO TRADINGVIEWERS

presenting nifty daily price action

bullish divergence price / rsi

buy if any bull candle appear

stop loss below 24700

target new life high

Oct 5

Note

Disclaimer :- Technical Analysis Charts provided for research purpose. Please be aware of the risk's involved in trading & seek independent advice, if necessary.

Oct 5

Note

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Oct 5

Note

q. whats is bullish divergence ?
A. A bullish divergence occurs when the RSI displays an oversold reading followed by a higher
low that appears with lower lows in the price. This may indicate rising bullish momentum,
and a break above oversold territory could be used to trigger a new long position.

Oct 5

Note

confirmation on short time frame as
hourly candle closed above previous hourly closing

Oct 5

Note

indian economic indicator

10 year GDP Growth 6.7
10 year interest rate 6.5
10 year inflation rate 3.65
10 year unemployment rate 8.5
10 year balance of trade (-29.7)billion usd
10 year goverment debt to Gdp 81.59

indian goverment bond yields current 6.966

GDP 3.55T USD
FULL YEAR GDP GROWTH 8.2%
REAL GDP 43.637 TRILLON INR

Oct 5

Note

one typing error on main picture stoploss 25700 but
that was 24700

Oct 7

Note

stop loss 24700 hold today
and our first buying criteri which i mention in discription is buy if any daily bull candle appear
so today price not given bull candle
wait and watch mode

Oct 8

Note

today first bull candle appear so buy with the stop loss of 24700

Oct 20

Note

stop loss 24700 on closing basis still safe
so currently risk reward is very much favorable for buyers

Oct 21

Note

mkt enters in to corrective phase be cautious and strict with stop losss

Oct 26

Note

as stop loss 24700 triggered and after that sharp fall happened

Oct 26

Note

stop loss generally triggered when trend goes to change

Oct 30

Trade closed: stop reached

trade closed