Price is making lower lows on chart but the RSI is making lower highs which is sign of RSI Bullish Divergence. We can take long position after breakout above the resistance zone with strong bullish candle. Stoploss below the swing low.
NSE:NIFTY and NSE:CNXAUTO are showing Inter market Divergence again.
Last time Divergence occurred in June 2022 when Nifty gave reversal. Will the Divergence work again.
Chance are High. We need to wait for follow up Buying though.
Wipro Fromed bullish RSI divergence on the weekly Chart. also, It reversed from the 61.8 % retracement level of the Fibonacci retracement of a previous bullish trend.
one can go long on Wipro with the stop-loss of levels marked with an arrow because it acts as a pivot point in the near term.
it might Give a good move when RSI Crosses the 50 level on the weekly...
Will IT index bounce from the support zone that is seen retested on. weekly charts ? There is a momentum bullish divergence see on RSI
that could cause a medium term reversal after a major correction happening across the IT stocks? potential for mean reversion trade do exit.
However a close watch on what Nasdaq does now is also crucial which currently hanging on...
>Forming a triangle on 4-hour time frame
>It has breakout on the line chart but not on candlestick chart.
> For good confirmation we should wait to align both charts ( line and candlestick ).
> IRFC is facing heavy resistance at 25.50 to 26.50 range if this break then we can initiate a long position.
>Entry above - 26.50.
> RSI has bullish...
Disclaimer: I don’t own shares of ETSY.
The below analysis is not a trading or investment recommendation & is only for learning purpose.
1.Etsy has been in a downtrend with price trading under the 200 DMA.
2.Price has been in a lower high-lower low structure with the most recent lower high pivot around $148.
3. Price has formed a bullish engulfing bar today...
SOLARA has fallen nearly 50% after reaching its ATH 1850, and it has formed Bullish divergence on a daily time frame.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
CARTRADE has fallen around 60% since the listing in exchanges. Even though it announced good results for Q3 FY22(Loss is posted primarily because of exceptional, non-recurring for ESOP granted in FY21), the stock keeps falling. Today, the stock has risen nearly 11%, forming Bullish Divergence on the Daily chart. It seems like the stock is gonna move upwards from...