Bearish-divergence
RSI Divergence: Apollo TyresIn NSE:APOLLOTYRE the stock was making Higher highs whereas RSI was making lower highs creating the divergence. The stock yesterday closed below the trendline and so did the Rsi. The target for the same will be the immediate support that is also the channel line of the stock.
* It is my analysis and not a buy or sell recommendation.
Reliance, Bearish trendThree different charts shows multiple confirmations of the bearish trend
The D point of the previous Harmonic chart at the top side of the chart shows the reversal area and it respects.
A new Harmonic chart is generated and the price moving towards another D point, lower side of the chart
And finally a Bearish Head and Shoulder pattern formed.
In addition to the above observations, RSI bearish divergence respects.
The given information is for STUDY purpose.
Bearish divergence on PELThe analysis is given on the chart
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#LETSTALKABOUTMARKETS - JSW STEELThe stock has rallied almost 33% in the last 2 months, there needs to be a correction or consolidation phase. One needs to be cautious not to enter long at this point as technical indicators suggest a short set up.
1. RSI negative divergence - The price is increasing at a very fast pace but the strength index is not following the path as indicated in the chart.
2. Bollinger Bands - The stock should close below the Bollinger band and might drift towards the average line.
One can take a short set up with a strict Sl at 333 with a target of 300. This is purely for educational purposes.
BankNifty Bearish ViewBankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your portfolio. I would recommend to create a covered put which can be rolled up or averaged if it moves up higher which seems unlikely. Maximum banking heavyweights are trading near their highs and showing weakness too. Today BNF may see some retracement and technical pullback. Aggressive traders may employ the covered put if they see BNF at higher levels.
Titan Bearish Divergence on 4h ChartTitan Chart shows Bearish Divergence on RSI, Stoch RSI and Momentum too.
A pull Back is possible but overall Stock looks bullish for longer term.
Bearish Divergence + Price approaching Resistance may bring the Price Down.
If setup fails and breaks 910, Wait and buy the retest of 900 areas in next couple of days.
Start of the next IMPULSE!!!!Hello everyone,
I've been looking for short move since 2nd week of the September. As shown in chart price is showing sell sign by divergence On RSI and MACD both.
When price move forward in our forecasting direction then Move SL past the entry. If it's not the move down then we again look for the sell opportunities.