Couple of things seen on Charts. Rising Wedge pattern on weekly and monthly charts. Also a failed breakout on daily charts.
Bearish divergence seen on weekly charts. Indicating sell at higher level. Be careful with this stock. Also same is seen with other Ultratech.
Shorting is risky option so wait for a solid confirmation to enter the stock is not resistant to...
NIFTY making doubble tip and bearish divergence on daily frame. we can go short after it breaks the neckline.17300-18100 is a consolidation area it may spend few weeks in this area.
There's a clear indication of bearish divergence in this script as we can see here Price is making Higher Highs and the RSI is making lower Highs.
Also, there's a retracement pending after the 10-year breakout of the price from 2008-2010 Highs.
We can see 160 levels in the coming months for this script.
This analysis is purely for educational purposes!!!
Please do...
As we saw rising wedge formation and bearish divergence in GODREJ PROPERTIES on 15 MIN frame. Levels are and targets are mentioned in the chart itself.
We can spot bearish BEARISH DIVERGENCE on 15min frame. we can go short if it breaks 200EMA and the HIGH VOLUME AREA on 15min frame and for long entry we have to see if it sustains above 200EMA.....BIG MOMEMTUM IS EXPECTED DUE TO ITS QUATERY RESULTS.
Manapuram Finance on verge of a breakout from a previous resistance on weekly. however daily has bearish momentum divergence also which may bring some retracement.
#niftypharma 6% single candle fall on pharma index today. only reason technical analyst could see if probably the pending due bearish divergence marked. all gains of 3 months gone in single day.
NSE:KOTAKBANK
Today it open gap down, so it is to follow the trade plan as per no.3 from my previous post on KOTAKBANK.
Review and what we learned from Today.
#1 As per trade plan, we have to avoid first 15-20 min to get it cool down. Today we saw a huge volatility in this initial period.
What we leared : Always to avoid trade in initial 15-20 min.
#2...
BECTORFOOD has fallen to a low of 328 in March 2021 and has been Bullish since then. It has reached a High of 445 in June and has retraced from the resistance zone at 442-452 range to a low of 395.
Now it has reached the resistance zone again and has made a Bearish Pin Bar that is half of the Evening Star Candle Stick Pattern. There is also a Bearish Divergence....
NSE:ACC
Today, 14-07-2021, it has formed a BearishDivergence.
So far ACC has maintained good support from 2014.7 and changed the trend from the sideways to uptrend.
Now it is trading above the trendline and taking support on it. Trader can only buy above 2090 levels with target of 2115 & 2158 .
But there will surely come a correction to check support...
NSE:MGL
I have posted this in my earlier post for MGL.
BearishDivergence.
Hope you were on the right side today. (14-07-2021)
In starting of today it was a bull trap.
It is always to remember that never chase a long upside or long downside move in stock at the beginning of trade. 85% chances are there that it will reverse.
Though the target was small on...
Price action on the Mahindra & Mahindra (M&M) chart has been similar for the last three days. High volume in the first hour of the day followed by cooling off for the rest of day as can be seen on the 15m chart attached.
This price action has led to a top wick on the daily candle with higher volume on each day. This is also supported by Bearish Divergence on...
