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Bullish Divergence

#FEDERALBANK Potential breakout for positional betThis banking stock is consolidating forming a potential breakout from a flag kind of pattern. The momentum on daily also has a a potential reverse divergence that is bullish if it plays out. The momentum n=and trend indicator are bullish on all time frames. 91 could be A good support below which could be stop loss for swing/positional trades.caution that the upside moves could Turn out slow and treacherous since previous resistance at 110 and ash 125 level where appropriate trailing stop loss could be applied. By the way this is big bull Jhunjhunwala invested stock.
BSE:FEDERALBNKLong
by seekedgetrade
NMDC - Multiple CONFIRMATIONSNMDC Current STRUCTURE- Rounding Bottom Breakout + RETEST MULTIPLE CONFIRMATIONS :- * Volume Expansion - Volumes since the last three months have been huge and continuously expanding * RSI bullish Divergence- NMDC is forming flat bottoms whereas RSI is forming Lower Highs which is contradicting hence we listen to what RSI is doing and this is an early signal of a reversal that can be expected really soon! * At The Golden Fib Zone b/w 0.618 & 0.5- We plot Fibonacci retracement and we see it is currently at a golden zone between 0.618 and 0.5 fib levels. We can take an entry when 0.5 gets broken by bullish candle or above 158 * Bullish Engulfing- At the second flat bottom it formed a bearish candle followed by a big bullish candle which indicates the previous candle was engulfed completely and hence it is a reversal candlestick pattern! Comment your views/queries and thanks for reading! HAPPY TRADING :)
NSE:NMDCLong
by UnknownUnicorn21160479
6
#ICICIBANK Breakout, bullish divergence &gap support with a doji#ICICIBank 18% breakout from previous resistance in just 2 weeks following earnings but gave up half of it forming a indecisive gravestone doji at a gap support.what else to do when even index gives up >5% in same time. Daily timeframe has a bullish reverse divergence that could lift it up. Momentum is very good on all timeframes intact in bullish zones ADX trend strength rising up on weekly and dmi positive in bullish zones and rising as well. Above moving average volumes on weekly.Banking index also is at a support forming a hammer bounce candle. Be cautious on the dojo on weekly as it indicate the bear pressure. Therefore gap support should be stop loss for swing trades with entry above previous candle high.
NSE:ICICIBANKLong
by seekedgetrade
FORTUBE: Descending Triangle and Bullish divergenceKeep FOR (Fortube) in your watchlist. Buy on breakout of the descending triangle with good volume at POC (Point of Control levels) that is the price level for the time period with the highest traded volume that has utmost importance here so when that zone breaks with good volume we need to take an entry. This is high risk trade and so are the profits. Here we can also notice a RSI bullish divergence, in which RSI looks bullish whereas the candlesticks are still neutral, also notice a double bottom. That's why it's a perfect setup. Happy Trading!
FLong
by meetmoneypenny
#polycabindia momentum breakout in progress#polycabindia momentum breakout momentum and trend indicators indicate bullishness on all timeframes. momentum seen breaking out of a parallel channel with large volumes too. bullish divergence currently being played out has met the target on last move and need give some space since diluted momentum divergences exit at the same time.swing trade and entry only if any retracement comes and 2030 is a resistance zone from where it breakout should be stoploss
NSE:POLYCABLong
by seekedgetrade
TATA MOTORS | TRADE SETUP 28-07-2021NSE:TATAMOTORS TATAMOTORS has been forming RSI bullish divergence. It is making lower lows in price action while RSI is making higher lows. Things to remember. Since, this RSI bullish divergence is not yet confirmed so better to trade at pre-decided levels only. Tomorrow if this will be the bullish divergence then there will be a bear trap in the initial 15-20 minutes. In which the stock will go down quickly and then suddenly it will go up. At this moment better to keep an eye on RSI. If RSI makes the low and if it is higher than the previous low then there will be scenario of up trend. And only enter in buy trade at pre-decided levels. Otherwise it will give good opportunity to sell below 290 range. And if you want to trade in option then better to trade in Aug month option. Do comment if my ideas are helping you to understand trend, levels and price action. Let me know if you have any doubt or suggestion.
NSE:TATAMOTORS
by Trading_hawk
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