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Bullish Divergence

KOTAKBANK TARGET HIT| REVIEW | LESSON LEARNED| NEXT TRADE SETUP NSE:KOTAKBANK Today it open gap down, so it is to follow the trade plan as per no.3 from my previous post on KOTAKBANK. Review and what we learned from Today. #1 As per trade plan, we have to avoid first 15-20 min to get it cool down. Today we saw a huge volatility in this initial period. What we leared : Always to avoid trade in initial 15-20 min. #2 RSI Bullish Divergence: One of the main signal for today to confirm was weather it is a bullish divergence or not. Whenever such divergence forms then there will be always a trap at the beginning of session. For Example If bullish divergence is getting active then there will be a bear trap that happened today. Stock went to such a low level and recovered so quickly to trap the trader on short side. And I had posted in MGL case when there was bearish divergence was forming. I will give the link of it for your for information. In this MGL, it created bearish divergence and in beginning of the session it gave bull trap and then it went down so badly. What we leared :Wait for the signal or our trend to get confirmed as per our trade setup. #3 After that it starts to trade above 1720 range and as per our trade setup no.3 , it is a signal to go long in trade. And it hit our target of 1743. What we leared :Always follow your trade plan and stick to your trade levels. -------------------------------------------------------------------- Now next trade setup for this week. It is simple, all the levels marked on the chart will work as support, resistance and target on respective day with price action near that level. For example, 1) If it open with gap up tomorrow, let's say 1750, then wait for 15-20 min to get it cool down, and goes down and it takes support from 1728 range then it will be a buy trade above 1730 and target will be the level at which it open and then the next target will be the target mentioned on the chart. 2) If it open with gap up tomorrow, let's say 1750, then wait for 15-20 min to get it cool down, and goes up and it faces the resistance at 1760 then don't take the trade, there might be the chance that it will take support from where it has open and make the reversal. And it if breakdown the level where it has opened then it has next support at 1728 range from this there may be the chance of reversal and again give us a buy trade. Hence always judge price action at respective level. Hope my ideas are helping you to understand the levels, price action and signals from the chart. Do let me know if you have any doubt.
NSE:KOTAKBANKLong
by Trading_hawk
NIFTY 50 MONTLY LEVELS Expecting huge selloff at the range of (16250-16300 ) if Nifty break the level of 15400 and sustain for the day we can expect a downside side move for the coming month (a small correction) If Nifty close above 15900 it can reach 16250++ (Buy only after the breakout from the resistance zone ) Personally, I'm expecting Nifty to reach 17000 by this financial year. Disclaimer: Please consult your financial advisor, Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
NSE:NIFTYLong
by anandhavel2941
Crypto Marketcap bounce nicely from support, what next?Technical Analysis: Total MarketCap (Update) In Daily timeframe Chart, Crypto Total Market Cap is Moving Above the Strong Support (1.32T) and did not want go further down If Crucial Support Broken Down then Next STOP Could be 832bln (So We Could see Crash in Coming Days) In Bullish Case, If MarketCap Remains Above the Support, Expecting Bounce Back towards the 1.72( 50 DMA) RSI made bullish hidden divergence and slowly slowly increasing thats means bull seams strong now, it could probably break daily down trend which is minor resistance as well as 21 DMA (1.50 T). ❤️ If you find this helpful and want more FREE forecasts in Tradingview. . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, ❤️ #totalmarketcap #crypto #nextmove #bullmarket #sideways #bitcoin
CRYPTOCAP:TOTAL
by Bitking786
Divergence Masterclass 2 - Bullish divergenceIn the last thread, we discussed the basics of divergence. In this thread, we are going to learn about the positive divergence a.k.a Bullish divergence. I'll cover it in 3 parts: 1. What is bullish divergence? 2. Types of bullish divergence 3. Subtypes with illustrations So, let's move ahead! What is Bullish divergence? A bullish divergence occurs when prices fall to a new low while the oscillator fails to reach a new low. It indicates that the selling pressure is decreasing and the bulls may soon control the market. Generally, a bullish divergence occurs at the end of a downtrend. Bullish divergence is mainly of 2 types: 1. Classic bullish divergence – In this case, the price and the oscillator always either forms a lower low or an equal low. Considering these cases, the classic divergence consists of 3 subtypes. The classic divergence occurs at the end of a bearish trend and indicates that a trend reversal may occur soon. 2. Hidden bullish divergence – In this, the price forms a higher low, but the oscillator forms a lower low. Hidden divergence occurs during the correction phase of a trend and is a possible sign for a trend continuation. So, combining all the above cases, there are only 4 types of Bullish divergence. You don’t have to memorize the names, it’s just a waste of time. Try to understand the underlying logic. 1. Strong Bullish Divergence. The price makes a lower low but the oscillator makes a higher low. This means that the sellers are not selling at the same momentum i.e. the selling momentum is decreasing. Price: Lower Low(LL) Oscillator: Higher Low(HL) 2. Medium Bullish Divergence The price makes a double bottom, almost the same level as the previous low and the oscillator makes a higher low. This indicates that at the same price levels, the momentum is increasing. Price: Equal Low(EL) Oscillator: Higher Low(HL) 3. Weak Bullish Divergence In a weak bullish divergence, the price makes a lower low but the oscillator has almost the same low levels. This means, even though the price is decreasing, the momentum is intact. Price: Lower Low(LL) Oscillator: Equal Low(EL) 4. Hidden Bullish Divergence The hidden bullish divergence occurs at less frequency as compared to the other types. In this, the price forms a higher low, but the momentum oscillator forms a lower low. This indicates that even at a decreasing momentum, there is enough buying going on to push the price up. Price: Higher Low(HL) Oscillator: Lower Low(LL) Pro Tip: 1. For bullish divergence, we only look at the LOWS . 2. Don’t memorize the cases. Just understand that if the divergence is occurring at the lows, then the price will reverse in the opposite direction i.e. it will go up. Hence, you just have to spot the divergence, regardless of the name. Please leave your feedback, it'll help me to create better content. Cheers!
BITFINEX:ETHUSDEducation
by johntradingwick
87