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Bearishdivergence

KOTAKBANK TARGET HIT| REVIEW | LESSON LEARNED| NEXT TRADE SETUP 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 RSI Bullish Divergence: One of the main signal for today to confirm was weather it is a bullish divergence or not. Whenever such divergence forms then there will be always a trap at the beginning of session. For Example If bullish divergence is getting active then there will be a bear trap that happened today. Stock went to such a low level and recovered so quickly to trap the trader on short side. And I had posted in MGL case when there was bearish divergence was forming. I will give the link of it for your for information. In this MGL, it created bearish divergence and in beginning of the session it gave bull trap and then it went down so badly. What we leared :Wait for the signal or our trend to get confirmed as per our trade setup. #3 After that it starts to trade above 1720 range and as per our trade setup no.3 , it is a signal to go long in trade. And it hit our target of 1743. What we leared :Always follow your trade plan and stick to your trade levels. -------------------------------------------------------------------- Now next trade setup for this week. It is simple, all the levels marked on the chart will work as support, resistance and target on respective day with price action near that level. For example, 1) If it open with gap up tomorrow, let's say 1750, then wait for 15-20 min to get it cool down, and goes down and it takes support from 1728 range then it will be a buy trade above 1730 and target will be the level at which it open and then the next target will be the target mentioned on the chart. 2) If it open with gap up tomorrow, let's say 1750, then wait for 15-20 min to get it cool down, and goes up and it faces the resistance at 1760 then don't take the trade, there might be the chance that it will take support from where it has open and make the reversal. And it if breakdown the level where it has opened then it has next support at 1728 range from this there may be the chance of reversal and again give us a buy trade. Hence always judge price action at respective level. Hope my ideas are helping you to understand the levels, price action and signals from the chart. Do let me know if you have any doubt.
NSE:KOTAKBANKLong
by Trading_hawk
DOUBLE TOP FOR BECTOR FOOD- POSSIBILITY OF SHORT TERM REVERSALBECTORFOOD 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. So short term the pattern is bearish. To go long we have to wait for break of the resistance zone at 442-452 range and wait for a retest and can go long on a confirmation Bullish Candle for Targets of  502.
NSE:BECTORFOODShort
by eastwind65
Can you guess the Divergence in ACC ? 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 from 2065-2070. Due to Bearing Divergence formed today, Selling opportunity will come below 2066 levels. Green lines are Fib levels for the target if you short/sell it below 2066. But a strong closing and with stock trading below 2066 for few minutes is needed to be in a safe short side trade. Be quick in taking out profit on Intraday. All the best. If any doubts/suggestions, do comment below.
NSE:ACCShort
by Trading_hawk
Look how bearish divergence from yesterday worked today in MGLNSE: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 the sell side from the given level, but it worked on the technical analysis. Some might have short it from the higher level or top. Some might have been trapped in the bull trap. Always trade on levels. It will be always a safe trade. Avoid Trade tomorrow in MGL. If you have any doubts/comments, do comments below.
NSE:MGLShort
by Trading_hawk
Divergence Masterclass 3 - Bearish divergenceIn the last 2 threads, we have already covered the basics of divergence and learnt everything about bullish divergence. If you have missed those threads, please go through the first 2 threads before reading this one. Now let's start with our topic, Bearish divergence, which I'll cover in 3 parts: 1. What is bearish divergence? 2. Types of bearish divergence 3. Subtypes with illustrations What is Bearish divergence? A bearish divergence occurs when the price rises to a new high while the oscillator fails to reach a new high. It indicates that the buying pressure is decreasing and the bears may soon take over the market. Generally, a bearish divergence occurs at the end of an uptrend. Bearish divergence is mainly of 2 types: 1. Classic bearish divergence – In this case, the price and the oscillator always either forms a higher high or an equal high. Considering these cases, the classic divergence consists of 3 subtypes. The classic divergence occurs at the end of a bullish trend and indicates a weakness in the underlying trend. 2. Hidden bearish divergence – In this, the price forms a lower high, but the oscillator forms a higher high. Hidden divergence occurs during the correction phase of a trend and is a possible sign for a trend continuation. So, combining all the above cases, there are only 4 types of Bearish divergence. You don’t have to memorize the names, it’s just a waste of time. Try to understand the underlying logic. 1. Strong Bearish Divergence. The price makes a higher high but the oscillator makes a lower high. This means that the buyers are not buying at the same momentum i.e. the buying pressure is decreasing. Price: Higher High (HH) Oscillator: Lower High (LH) 2. Medium Bearish Divergence The price makes a double top, almost the same level as the previous high and the oscillator makes a lower high. This indicates that at the same price levels, the momentum is decreasing. Price: Equal High (EH) Oscillator: Lower High (LH) 3. Weak Bearish Divergence In a weak bearish divergence, the price makes a higher high but the oscillator has almost the same high levels. This means, even though the price is increasing, the momentum is intact. Price: Higher High (HH) Oscillator: Equal High (EH) 4. Hidden Bearish Divergence The hidden bearish divergence occurs at less frequency as compared to the other types. In this, the price forms a lower high, but the momentum oscillator forms a higher high. This indicates that even at an increased momentum, there is enough selling going on to push the price down. Price: Lower High (LH) Oscillator: Higher High (HH) Pro Tip: 1. For bullish divergence, we only look at the HIGHS because we are finding the top of an uptrend. 2. Don’t memorize the cases. Just understand that if the divergence is occurring at the highs, then the price will reverse in the opposite direction i.e. it will go down. Hence, you just have to spot the divergence, regardless of the name. Conclusion: This completes our 3 thread masterclass on divergence. This an important concept in trading. Even if you don't trade divergence, you should at least know about it to spot the potential change in trend. Keep reading again and again until you master these concepts. All the best! Also, I am linking here all the threads related to this divergence masterclass(Don't know if that is allowed. Mods please remove the links if it isn't allowed, please don't remove the post). I am also thinking of combining all the threads into a single PDF file, but don't know how I'll share it with everyone since external link sharing is not allowed. Let me know if you guys want it. Cheers! 1. Divergence Masterclass 1 - What is Divergence? 2. Divergence Masterclass 2 - Bullish divergence 3. Divergence Masterclass 3 - Bearish divergence
BITSTAMP:BTCUSDEducation
by johntradingwick
17
M&M's 'wicky' price actionPrice 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 the daily RSI. It is highly possible that the bulls have been trapped and that stock may see a correction in the coming days. Watch out for a bear push downward. It looks like a good candidate to sell if the price action indicates bearish momentum.
NSE:M&MShort
by vipulmehta817
Federal Bank - Small Bearish DivergenceFederal 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 bearish breakout. If it falls below 52 - closes below 52 on the 15 minute candle; Short trades can be initiated for targets of 51 and 50 with SL at 53. The stock would be bullish above 54.5 indicating consolidation is complete and its open for new heights. Long trades can be initiated for targets of 56, 57, and beyond. Behaviour of BANK NIFTY will affect the movements here so keep an eye out. In case of Gap openings below and above the last 2 sessions high and low levels, exercise caution in taking short and long trades respectively.
BSE:FEDERALBNKShort
by raj_rishav
Science backed by Data[Nifty]: 10167 is the near term targetGood 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 target on immediate basis should be bought into with SL of 25 points i.e. 10150. Pls support with likes on the idea.
NSE:NIFTYShort
by SiddRidd
3