Wednesday, April 3, 2013

One of the Proofs that it works - Well Done Nifty and RSI Divergence

Well Done Nifty and RSI Divergence!!!

28th March 2013 - Nifty hourly and daily charts Single Candle +ve Div on Long near 5630-35 SL 5600 TGTS  5690-5720-5760...

1st and 2nd April 2013 -  Booked part profits  near 5720 and 5750

3rd April 2013 - Booked full profits near 5710 and went short as there was a single candle negative divergence on hourly charts with SL above 5760 and targets of 5675-5650-5600....

Booked partial profits near 5675 and 5650.....and trailed stop loss (Or book full profits to be on a safer side)



 Cheers....




Cheers

Hrishi