Hello, Kotak bank shows a divergence (RSI) on 15 minute chart, However instead of exiting our long position we can hold the stock till it breaks down the trendline.
A recent example, that I personally encountered :
On 20th August - 24th August we could see a divergence on the Hourly chart of Hindustan Unilever, snapshot of which can be seen in the comments...
VIEW ON KOTAK MAHINDRA BANK
:-THE RANGE IS NARROWING DAY BY DAY
:-CONFIRMING POLE FLAG PATTERN
:-POLE FLAG PATTERN IS A CONTINUATION PATTERN
:-I.E WE EXPECTING A BREAK ON THE UPSIDE
:-DIVERGENCE VISIBLE IN THE CHART
:-WAIT AND WATCH APPROACH
:-TRADE WILL BE TAKEN FOR SHORT-TERM,MOMENTUM AND POSITIONAL AS WELL
:-ONCE LEVELS ARE TAKEN I WILL SHARE THE UPDATE
