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consult-subhadeep
Sep 7, 2020 6:45 PM

Double Bottom + Bullish Divergence Long

SYNGENE INTERNATIONSE

Description

Double bottom pattern has formed
near a key support level to make
the trend more powerful
a bullish divergence has also formed.
Comments
pradeep19811985
i think it is a bearish divergence.
buddinginvestor80
@pradeep19811985, its a bullish divergence only. Price making higher low, RSI making lower low.
pradeep19811985
@buddinginvestor80, u r right that price is making higher low and rsi is making lower low. But price has to follow indicator as far as I know. Although I am not an expert in technical analysis.
consult-subhadeep
@pradeep19811985, Divergence itself means that the indicator is not following the price.
pradeep19811985
@consult-subhadeep, Price will follow the indicator in future. Divergence as I know is this.
consult-subhadeep
As current market conditions are erratic, I suggest waiting for a bullish candle.
umeshsurana
can i enter at these levels and sl sir
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