Cyber MondayUp to 80% OFF

Divergence

Double Bottome Reversal ConfirmationThe pattern has formed the pattern and trading above the confirmation line. Interestingly PSU_Banking stocks are doing well recently. RSI has also shown divergence in oversold zone and is above 50 now so one can conclude that downtrend has arrested now at least for time being. One can take advantage of the setup for trading/investing. Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.
SLong
by praveen.bhatiya
What is Divergence And How Does it Work ... For Learners ...Dear All , I am not A Professional in Share Markets But Sharing Knowledge always increases Knowledge of Everyone ... So , I am just Sharing About Possible Divergences of Share Price with RSI ... Basically , There are two types of Divergences :- (1) Positive/Bullish Divergence :- It is known By Joining Bottoms in A Chart And Comparing it with RSI or Any Indicator ... There are Two Possibilities in this Divergence :- : The Trend is Going Upwards & RSI is Slopping Downwards . : The Trend is in Downward Direction & RSI Slops Upwards . (2) Negative/Bearish Divergence :- It can be derived by Connecting the Tops in A Chart And Comparing it with RSI or Any Indicator . Similarly , It is Identified if :- : The Trend is Up And RSI Slops Down . : The Trend is Down While RSI Shows Upwards Movement . So That was From My Kitty ... You Can Apply Divergence Theory With Any Indicator ... It is Simply Awesome Tool for A Trader ... You All Should Keep it in Your Kitty ... Good Luck !!!
NSE:YESBANK
by Mohit_Jangir
33