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NIFTY BUYING SIGNAL AS BULLISH DIVERGENCE PRICE / RSI

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HELLO TRADINGVIEWERS

presenting nifty daily price action

bullish divergence price / rsi

buy if any bull candle appear

stop loss below 24700

target new life high

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Disclaimer :- Technical Analysis Charts provided for research purpose. Please be aware of the risk's involved in trading & seek independent advice, if necessary.

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if this idea is use full
like and share also follow and comment your thought about this analysis

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q. whats is bullish divergence ?
A. A bullish divergence occurs when the RSI displays an oversold reading followed by a higher
low that appears with lower lows in the price. This may indicate rising bullish momentum,
and a break above oversold territory could be used to trigger a new long position.

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confirmation on short time frame as
hourly candle closed above previous hourly closing

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indian economic indicator

10 year GDP Growth 6.7
10 year interest rate 6.5
10 year inflation rate 3.65
10 year unemployment rate 8.5
10 year balance of trade (-29.7)billion usd
10 year goverment debt to Gdp 81.59

indian goverment bond yields current 6.966

GDP 3.55T USD
FULL YEAR GDP GROWTH 8.2%
REAL GDP 43.637 TRILLON INR

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one typing error on main picture stoploss 25700 but
that was 24700

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stop loss 24700 hold today
and our first buying criteri which i mention in discription is buy if any daily bull candle appear
so today price not given bull candle
wait and watch mode

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today first bull candle appear so buy with the stop loss of 24700

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stop loss 24700 on closing basis still safe
so currently risk reward is very much favorable for buyers

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mkt enters in to corrective phase be cautious and strict with stop losss

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as stop loss 24700 triggered and after that sharp fall happened

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stop loss generally triggered when trend goes to change

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trade closed