bank nifty bullish divergence

14 set 2020

bank nifty has formed bullish divergence on hourly chart.

14 set 2020

Nota

-One should always wait for confirmation before taking a trade on divergence.
-Safe traders can initiate Long trade when price closes above hourly candle/or when
their setup gives bullish sign.
-Here in this case, bullish divergence has not given a confirmed buy signal.
-Here, price has also broken a trendline support. So, one should be extra cautious.

17 set 2020

Trade chiuso: obiettivo raggiunto