Nifty 50 showing divergenceCurrently Nifty 50 is in uptrend forming higher high and lower low and in RSI its consolidating which shows divergence.
Divergence is normally a situation which shows that trend reversal is near.
Its only for educational purpose and please consult your advisor before taking position.
Bseindia
BSE Sensex Positional (1-Hour Timeframe) Trading IndicatorPeriod: 04/02/2009 to 20/07/2020.
No. of Points: 1,04,403.
No. of Trades: 674.
% Profitable: 52.37%.
Profit Factor: 1.732
Points per trades: 154.90
No. of lots: 2 (1 lot is partially booked after 750 points which can be customized and remaining 1 lot is in trade until the trend is reversed).
BHARTI INFRATEL | ANALYSISLooks good so far, i'm expecting this to go till the sell region and retrace 38.2%.
- AB=CD Pattern identified in chart.
HDFC | AnalysisFirst in all, it hit major support region and bounced right off it.
- This is a sideways market where Bollinger bands are very useful for trading. The price action just hit the lower band. Which is a buy !
- RSI Showing bullish divergence on the 1H and above.
These are my buy signals. Might have a good day on Monday!