KOTAK MAHINDRA BANK LTDPembelian
Bullish RSI divergence in 45 min & lower tomeframes
The violet line is the RSI plotted on the price chart itself.
Yellow circles are the lows of the RSI.
Blue circles are lows of the price bars.
Once can clearly see that there's an RSI divergence. Price is making lower lows but RSI is making higher lows.
IF price closes above 1670 in a 15 min candle : Go long -----target- 1700
If price breaks below 1650: Go short -------target- 1620
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.
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Also if one can see...after forming a double bottom..price has given a breakout 10:45 on 30 July
Yellow circles are the lows of the RSI.
Blue circles are lows of the price bars.
Once can clearly see that there's an RSI divergence. Price is making lower lows but RSI is making higher lows.
IF price closes above 1670 in a 15 min candle : Go long -----target- 1700
If price breaks below 1650: Go short -------target- 1620
.
.
.
Also if one can see...after forming a double bottom..price has given a breakout 10:45 on 30 July
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