Divergence are lucrative and effective method to trade, however many people find it difficult to use so I am giving important points one should keep in mind: 1. RSI divergence should be used when formed in overbought or oversold Zone. Others may be used in combination with other studies but NO trade solely based on it. 2. Since we are handling here the situation...
ABIRLANUVO perfect balance sheet company. The company will be in the correction mode now. One can buy it at the level of 1331 with the target of 1450 in coming days. Even RSI is showing overbought as of now.
Nifty is showing the same pattern which it shown earlier. The nifty will fall till the level of 8415 in future and again raise with the target of 8799 in few weeks
ABCD Diamond formation on Sun TV. RSI Overbought condition and it may have correction. Trade: Short Below - 514 Target 1 - 508 Target 2 - 500 Stop Loss - 520 Reward Points - 14 Risk Points - 6