There is one more type of divergence which is called as Hidden Divergence which i personally don’t use a lot
This can signal trend continuation. A hidden bullish divergence is when the price makes a higher low, but RSI makes a lower low, suggesting continuation of the uptrend. Hidden bearish divergence works the opposite way.
This can signal trend continuation. A hidden bullish divergence is when the price makes a higher low, but RSI makes a lower low, suggesting continuation of the uptrend. Hidden bearish divergence works the opposite way.
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In summary:
Regular Divergence = Potential trend reversal.
Hidden Divergence = Trend continuation signal.
Regular Divergence = Potential trend reversal.
Hidden Divergence = Trend continuation signal.
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Chart Galaxy
#NEW Gujarat Alkalies - 850 add with sl 750 weekly tgt 960/1000/1104
Still good to add 828
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#NEW
Bharat Rasayan - 13350
Add some now and rest if dips or add more on crossing 14300 sl 10300
tgt 15910/17538/20171
Bharat Rasayan - 13350
Add some now and rest if dips or add more on crossing 14300 sl 10300
tgt 15910/17538/20171
FED CUTS INTEREST RATE BY 50 BASIS POINTS
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Chart Galaxy
Spicejet - 67 add with sl closing below 50 tgt 74/81 Above 92 monthly close tgt 130
add spicejet its still in buy zone
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