vanathi
Long

Mighty Nifty - A general view!

NSE:NIFTY   Nifty 50 Index
272 12 10
Nifty             is trending in upward moving channel. Price has broken the lower line of the channel. But today price has closed above the lower line indicating bullishness. RSI shows strength by forming hidden bullish divergence . Hidden bullish divergence occurss when price is making a higher low (HL), but the oscillator is making a lower low (LL). I expect Nifty             to reach 9250, 9300 and 9375 in coming month.This is general view of nifty             moevement. Even the world market looks dull, Nifty             is strong enough not to be dragged by them.
Comment: Nifty is moving upwards!
mam,

Can you tell me which range (of RSI) is more suitable for bullish divergence....

means hidden bullish divergence is more successful in above 50 RSI or below 50 RSI...

thankyou
Reply
vanathi ekkumannu
@ekkumannu, Hidden divergences are more effective in support/resistance zones. I look for that only. I have not checked whether hidden bullish divergence is successful above or below 50 RSI.
Reply
@vanathi, ok

thank you mam
Reply
vanathi ekkumannu
@ekkumannu, Welcome.
Reply
PE of Nifty is almost 24 which is very high. It is due for correction which I believe is due shortly
Reply
vanathi DINESH1961
@DINESH1961, I agree. Thank you for sharing your view.
Reply
Buy today near open price
Reply
vanathi alap007mail
@alap007mail, This is general view. Not for today or for this week...
Reply
@vanathi 9300 is a safe target
Reply
vanathi sivasumk
@sivasumk, May be. Thank you for sharing your view...
Reply
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