Federal bank has taken support from the trend line shown and is sitting almost on it now.
The stock is showing a hint of bearish divergence which has been confirmed with the 2 downward movements on Thursday and Friday. It could very well have served the function of consolidation for large volume buying happening during the uptrend.
52 is a key level to watch for...
Good Evening Friends,
Nifty is showing negative divergence on Charts on closing basis. For this little uptrend to be intact we should test 10167 in coming session. If we break below this level we may test 10048.
But should we break below 9929, this will nullify this little uptrend completely and we will head towards 9954.
Tomorrow Gap down is expected and 1st...
Nifty developed an 'evening star' pattern in daily chart, which is a very strong bearish signal. Ahead of Ayodhya verdict, market is selling off from the strong selling zone near all time high. There is a strong possibility of an extreme volatile market in the coming days due to the high sensitivity of the issue.
If price breaks the blue trendline, I am...
IF LOWER TRENDLINE IS BROKEN ON CLOSING BASIS THREE TARGETS ARE GIVEN WITH HORIZONTAL LINES AND FINAL ONE IS MARKED WITH ARROW PLUS BEARISH DIVERGENCE IS SEEN WITH STOCHASTIC INDICATOR
note:for education only not an ADVICE
PREVIOUSLY I GAVE LONG IDEA NOW THE GAP HAS BEEN FILLED WHICH IS AT 283 NOW IT HAS TOUCHED UPPER CHANNEL LINE SO IT SHOULD COME DOWN TO LOWER CHANNEL LINE WHICH IS NOW TARGET 258 APPROX HERE IS MY LONG TARGET GIVEN YESTERDAY
NOTE: NOT AN ADVICE JUST FOR EDUCATION
IT IS TRADING IN A RANGE when it touches upper trendline it comes down and vice versa for lower trendline plus BEARISH DIVERGENCE SEEN AGAIN IN STOCHASTIC TARGET IS LOWER TRENDLINE THAT IS 320 APPROX AND STRICT STOP-LOSS IS EXPONENTIAL MOVING AVERAGE 100 THAT IS CURRENTLY 347.30
NOTE:THIS IS FOR EDUCATIONAL PURPOSE ONLY
Looking at the current market scenario anyone would initiate a short position.
But, there are some levels and certain candle formations which gives us a clear picture of the next move.
If this stock falls with the current market scenario we may witness 1530 to 1550 levels in this counter.
This is a simple example of bearish divergence on RSI.
One can see the price...
Selling in Nifty & Bank Nifty The Two Major Indices are expected to have a substantial bearish breakdown as the RSI indicator shows Index making lower Highs, However the Price making Higher highs indicating bearish divergence. NIFTY 50 is expected to move lower once it breaks the trendlines. WE EXPECT THE BEARS TO GET STRONGER ONCE THE INDEX MOVES BELOW 11,550.