Nifty Bank IndexLong
BANK NIFTY ,red candle was opportunity to buy.
9.15 to 10.15 red candle was an excellent opportunity to buy.
one can observe neatly stochiastic just touched over sold condition.
there was divergence between price and oscillator.
in case of oscillator it is almost horizontal
where as in case of price it is sloping upward.
this type of divergence is hidden divergence which is very powerful.
one can observe easily whenever stochioastic tries to dip in to over sold condition
next moment buyers move in to action in recent past and they raise the price
.it seems inherent strength lies in the market.
it seems bank nifty may rise further in coming days.
one can observe neatly stochiastic just touched over sold condition.
there was divergence between price and oscillator.
in case of oscillator it is almost horizontal
where as in case of price it is sloping upward.
this type of divergence is hidden divergence which is very powerful.
one can observe easily whenever stochioastic tries to dip in to over sold condition
next moment buyers move in to action in recent past and they raise the price
.it seems inherent strength lies in the market.
it seems bank nifty may rise further in coming days.
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