Bullish Divergence
TIAUSDT Long: Eyeing Steady Gains to Resistance LevelsI'm initiating a long position on TIAUSDT as the setup shows potential for an upward move. Currently, the price is hovering above the entry point I've identified at 18.1200 USDT, with the
RSI indicating bullish divergence points that support my decision to go long.
I've set my first target (TP1) at 19.5955 USDT and a second target (TP2) at 20.4916 USDT, aiming for a conservative climb within this channel.
PAGEIND - Bullish Divergence - Reversal structureThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
After breakout, a major resistance becomes major support. Here we can see price taking support from that level many times. But not just that, it is also showing Bullish Divergence on RSI which shows that price can give upmove in coming days/weeks.
The company is also a leader in its segment with great market share. Hence it must be kept in radar
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
SBI Life Triple Bottom PatternTriple bottom pattern is seen in SBI Life hourly chart. Also the price is making lower lows while the RSI is making higher lows which is clear sign of RSI Bullish divergence.
Entry
When a strong bullish candle is formed at support zone.
Target
The next résistance will the target as marked on chart.
Stoploss
Stoploss will be below the support zone.
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