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...
I can see the Bearish Divergence on this Chart Short with Small time frame Divergence....
Bank Nifty was bullish for last 3 weeks and is now showing signs of stagnation and reversal with 2 doji on 3 hr timeframe and bearish divergence with RSI any breakdown below 30000 can see sharp fall
Broadening Wedge and Bearish divergence
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...
Deepak nitrate looks exhausted for further upside move. We believe price will come down to 300-325 level where a buying will start.
Bearish divergence on the 1h. Needs a small healthy correction before it makes its way up. Watch these levels carefully. If broken down the green line - Stop loss.
Asianpaints will come it to its support as RSI also rejected at 60. We can see bearish divergence.
View on Nifty is explained in the chart.
Fake Double top with Bearish Divergence on 30 Min chart, Sell Below 1700 with StopLoss: 1724 TGT1: 1678 TGT2: 1655
Rejection from resistance... Bearish divergence also..' Sell at CMP SL 700 Target 650
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...
Bearish Divergence on MACD and Other technical indicators indicate there might be heavy selling in the coming days on Titan. Short CMP, S.L 1330 tARGET 1246 AND THEN 1208.
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