SHORT TERM TREND REVERSAL WILL DEFINITELY HAPPEN IN FORTH COMING WEEKS.
BankNifty 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...
COLPAL TRADING NEAR RESISTANCE AND FORMED BEARISH DIVERGENCE. SHORT WITH BELOW FIBOO LEVEL TGTS
Titan 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.
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.
Stochastic divergence & crossover alongwith MACD bearish crossover observed in NSE:APOLLOTYRE . Short it at opening price (259-261), for a target of 254(t1), 250(t2) & 246(t3). A stop loss of 262 is highly recommended.
In a very similar to Nifty (I shared an idea on it just 4 hours back), there's an observation of Stochastic Triple Divergence in NSE:DRREDDY indicating a bear trend. A short position is recommended with a target of 2004(t1) & 1904(t2). A stoploss of 2100 is highly recommended. Selling range should be (2040-2070).
Its a cliche but falling in NSE:NIFTY is inevitable. Bearish divergence in Nifty is clearly seen that indicates a short term but a very steep fall in next week. Year end closing will be bad hurting Returns on Investment of lot of mutual funds. Short in opening trade on monday above 9980 (or upto 9965) with a target of 9933 (t1), 9686 (t2), 9548 (t3). A stop...
As seen in above charts triple stochastic divergence is seen in NSE:SUNPHARMA giving a confidence of clear bearish phase. Short NSE:SUNPHARMA at 530 with a target of 511(T1), 498(T2) & 466(T3). Stop loss of 542 is recommended.
Bearish Divergence in Parallel Channel...Century
On the daily charts of Piramal Enterprise, Negative RSI Divergance has been formed... Looking towards price, it is standing on important support... RSI Negative Divergance is indicating that it may break that support, If it breaks that support we may see more down side.. Targets will be 2760/2700/2650/2600 SL will be 2800 If it dosent break that then...
MACD and RSI going down. Prices have seem to take a hit at 92.50. Short with Target of 87.50