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Bullish Divergence

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
ITC : Bullish Divergence on PullbackITC is one stock that is exhibiting 4 strong buy signals: 1. Price Action - The stock has been trading in a price action value area as indicated in the box. Can zoom out to get a better view. See the linked ITC idea on how to exploit it best. 2. Regular Bullish Divergence - There is a clear bullish divergence as indicated on chart. 3. Declining volumes also confirm the divergence. 4. Pullback from 50 DMA - The stock has taken continuous support from the 50 DMA since its uptrend in May and unless its breaking that trend due to a significant correction in the Market over the next week, the pullback offers a good entry point. So I would be going long on CMP with a SL at 192. Risk averse may want to take positions above 195 (50 DMA). Immediate targets would be 196.5, 198, 200, 202. If it sustains above 202 on the hourly chart - there is a gap to fill opening targets 207, 210. P.S. I see a lot of traders here posting statutory warnings about how they aren't responsible if the reader loses money by following the idea blindly. Same Pinch!
NSE:ITCLong
by raj_rishav
7