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Divergence

Bank Nifty | Clear signs of weakness - 30K criticalInitial visual inspection shows the index is recently trading sideways between 30230 and 31715. Point to notice here is that we could observe a negative divergence through oscillators i.e. RSI and MACD. That clearly indicates a negative bias. So by considering these factors, index falling to 30230 (further 400 pts away from current level) now almost looks inevitable. Once BankNifty hits that level, it is important to observe how it responds to that level. Because apart from being range bottom, trendline could offer some support to the index and immediately below that is a strong round number 30K. Hence existing shorts can be held until 30230 and any new positions have to be reactive based on how Bank Nifty responds from then on. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:BANKNIFTY
by AkhilSuryaFS
Bullish DivergenceI had been drawing this chart since FET touched the low but couldn't publish. There's bullish divergence on RSI and OBV as seen in my chart. The technicals really look bullish to me. Talking about the fundamentals, FET is a very good project - most of the code is written in C++ and that shows the expertise of the team. It's currently above 300 in MCAP and I think it deserves to be in top 100 at least. If it goes till 100, you can expect 5x profit in BTC value. There's major resistance around 2000 sats - also expecting 7 MA to crossover 99 MA and that will be the first time since Apr 18 before touching 4684 sats. Currently 7MA and 25MA is acting as support and I suggest you not to short it above 1650 sats (also let 4H candle to close). Speaking about sentiments, BINANCE:MATICBTC had great bullish sentiments and during the same time, there was seen a good volume coming in FET. During bull run, these are among the top coins to get pumped. After MATIC, I think it's time for FET to rock, A good time to buy and a very good coin to HODL.
Long
by the_baahubali