Bearishdivergence
Asian paints bearish divergence on a weekly time frame.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 making higher highs and the RSI making Lower Highs.
Keep this stock on your RADAR. For further short levels, you may message me.
Thank you.
Bearish Divergence Apollo HospitalShort Apollo Hospital with stoploss 1510 closing basis...
Chart showing bearish divergence.
NIFTY 50 TO SEE SELLING IN THE COMING DAYS!!!!!!!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.
BEARS ATTACK BANK NIFTY!!!!!The Index makes higher highs and the RSI Indicator forms lower highs indicating a bearish/negative divergence. BANK NIFTY EXPECTED TO HAVE SHARP BEARISH MOVE ONCE IT MOVES BELOW 29,550 . The Index expected to fall before the election result!!!!!!!!!!!
HDFCBank, Bearish Divergence ??Far Away from Trendline and Moving Averages, time for HDFCBank to come back !!
A bearish Divergence in Sight
(*only a closing below 2230 confirms the idea*)
Nifty retraces from 50% fibonacci levelNifty formed a bearish candle from 50% fibonacci level. A short pullback can be expected. Also, the stochastic indicator showed a bearish divergence further showing the possibility of a pullback.
Entry: 520
Target: 500/495
Stoploss: 530
One last fall in NiftyIts 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 loss of 10100 is recommended.
bse midcap index looks weak, we may see consolidation/correctionin weekly, midcap index is in uptrend channel resistance, regular bearish divergence seen, we may see consolidation/correction
ACC looks weak in short termin weekly time frame it is at strong resistance zone, also regular bearish divergence is formed.
It may come to 1670, 1600 level.
Note: this is not a short selling advice, as future trading is quite risky.
Ashok Leyland - Regular Bearish Divergence?Stock shows Bearish Divergence in daily charts -
SL - 95
Tgt1 - 90.5
Those who feel lucky can try a PUT call on Options :)
