We are seeing a divergence on the RSI and a negative weekly close when the market made a high could indicate starting of long unwinding. Hence it would be wise to be with the market, book the profits and wait for a dip to re enter.
Just broke trend line resistance, if this closes above and creates a HH, its gonna follow very soon to 0.57$
Here I used EMA , KAMA & RSI. at a 1450 level, a very strong resistance is there. We can see the RSI & chart pattern is complementing each other very well. it looks like the bullish trend is very strong so it can take some time to reverse.
i actually missed it n now just realised at 2 am that such a formation taken place in nifty
Looks like fall is getting saturated at current levels. Not expecting further fall because of earning season started in pharma sector. Declaimer: Not a trading idea. Only for educational purpose.
Nifty as per the analysis in the chart could be near a major reversal zone around 11900-11930. Most indicators are overbought and we can also see divergence in RSI. Advise traders and investors to stay cautious and trade with appropriate SL on all long trades. Chances of this happening in early September is very high.
Bearish Divergence in KPIT Daily Chart. Price is making Higher low and RSI is making lower low,
Time-frame: Daily Price broke out of EMA 50 and also crossed last swing high of the down trend. After breaking out price is in pullback mode which formed long tailed pin bar. By looking at the pin it is seen that price is taking support on EMA 50. MACD also confirms up trend as it has crossed zero line. Looks like it is end of down trend.
Price broke out of EMA 50, after giving breakout it is in pullback mode. Looks like it has formed inside bar after breaking out of EMA 50. MACD also confirms up trend as it is facing up and crossed zero line. Risk Reward ratio would 1:2.
Price broke out of EMA 50, after giving breakout it is in pullback mode. Looks like it is taking support on EMA 50 and formed inside bar. MACD also confirms up trend as it is facing up and crossing zero line. Risk Reward ratio would 1:2.
ENGINERSIN can be bought for swing trading. Price broke out of EMA 50 and also crossed previous swing high. Also after giving breakout of EMA 50 it is in pullback mode and it has formed bullish pin bar and after that pin bar it formed inside bar. MACD also confirms an up trend and facing up and also moving towards zero line. Risk Reward 1:2.
TORRENTPOWER can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up. Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar and also it is bullish pin bar . MACD also confirms an up trend and facing up and also moving towards zero line. Risk Reward 1:2.
AMARAJABAT can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up. Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar . MACD also confirms an up trend and facing up and also above zero line. Risk Reward 1:2.
CONCOR can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up, it formed Bullish Pin-Bar. Also after giving breakout of EMA 50 it is in pullback mode and looks like it is taking support on EMA , formed inside bar . MACD also confirms an up trend and facing towards crossing zero line. Risk Reward 1:2.
IBULHSGFIN can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up. Yesterday it formed inside bar now today it has formed bullish pin bar which shows it is taking support on EMA 50. MACD also confirms an up trend and facing towards crossing zero line. Risk Reward 1:2.
IBULHSGFIN can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up. Also after giving breakout of EMA 50 it is in pullback mode and looks like it is taking support on EMA, formed inside bar. MACD also confirms an up trend and facing towards crossing zero line. Risk Reward 1:2.
BPCL can be bought for swing trading. EMA 6 crossed above EMA 18 which shows the trend is up. MACD also confirms an up trend. Risk Reward 1:2.