Is this Divergence correct?

[dextro1995]

Prices of PGHL making Higher lows while on stochastics it is making Lower lows.
Is this Hidden Bullish Divergence that indicates more bullishness in the stock?

 

[AlphaT]

Not an expert in divergences. But what I can see is that price is stuck between a weekly Supply zone and a weekly Demand zone! If the Demand zone gets broken then this stock would likely fall!

 

[dextro1995]

thanks !

 

[mohan.sic]

View attachment 38294

Prices of PGHL making Higher lows while on stochastics it is making Lower lows.
Is this Hidden Bullish Divergence that indicates more bullishness in the stock?

No. That's not a correct hidden div. By definition what you said to be HD is correct. But that above does not qualify to be a valid set up.

Not part of your query, but I wan to say tht it is illogical to consider every divergence. Its not about success/failure of the call, but it is more about, if the call falls under valid setup conditions or no.

 

[khurshedmanjra]

With no offence meant to anyone, my two cents on DIVERGENCE....

 

[khurshedmanjra]

Regular Divergence is trend reversal pattern, while Hidden Divergence is continuing pattern.

 

[rocky01]

View attachment 38294

Prices of PGHL making Higher lows while on stochastics it is making Lower lows.
Is this Hidden Bullish Divergence that indicates more bullishness in the stock?

BEARISHNESSS