Bullish RSI divergence can be seen in the above chart alongside a consolidation followed by a breakout with a huge volume and then a retest. It is on its major support, take entry when it forms a bullish candle just for the sake of confirmation. Enter with a stop loss on the 20 EMA support and this setup shall work. Since RSI is one of the most reliable indicators...
In 1 Day time frame. TVSMOTOR showing bullish RSI divergence. Since last few months this stock trading in downtrend channel. Expected this divergence gives short term upside movement in stock upto upside resistance level. After reaching at resistance level if this gives breakout then expected 665+ target in TVSMOTOR.
APOLLOHOSP has demonstrated positive RSI divergence on daily chart along with downward-sloping trendline breakout. Price to accelerate upwards once RSI crosses 50 level. Expect short-term target level of 1050-1060.
ONGC has strong support near 155 zone and stock was trading in a 10 point range for the past 12 weeks. RSI is making higher highs while prices remained stable, which is classic case of bullish RSI divergence. RSI is currently 47 and stock is showing signs of breaking out of this 10 point range. RSI close above 50 will provide further momentum for this stock to...
INDOCO has demonstrated bullish RSI divergence on weekly chart. RSI is making higher highs while prices have remained range bound. 195-201 is good accumulation zone for initial target of 240. Once RSI closes above 50, then stock likely to see further upside.
