ICICI Bank at a Crucial Support Zone: Can Bulls Take Charge?ICICI Bank (₹1,402) is holding firm above the ₹1,380–1,400 support zone, a level that has sparked rebounds multiple times in the past.
✅ RSI back at 51 → momentum improving
✅ MACD showing bullish divergence → early reversal signal
⚡ Key hurdle: falling trendline resistance at ₹1,416
📈 Bullish setup: Sustaining above ₹1,400 and breaking ₹1,416 could fuel a rally toward ₹1,439–1,452.
Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
Divergence
Silver (XAGUSD) Trading in a rising wedge Pattern📌 Silver (XAGUSD)
Trading in a rising wedge, pressing resistance near $39.
RSI divergence → price making higher highs, momentum not following.
MACD rolling over while price climbs = possible bearish divergence.
Support to watch: $37.3 → wedge breakdown if breached.
👉 Bullish only if $39.5 breaks with strong volume; otherwise, risk of pullback.
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🎯 Takeaway
Silver = extended wedge → caution, momentum weak.
Gold form double top bearish pattern,Bearish Patterns Annotated:
Double Top: A classic bearish reversal pattern resembling an "M" shape. It occurs when price hits resistance twice at similar levels (here, approximately $3,437 and $3,448 in July and August) and fails to break higher. This signals potential exhaustion of buyers and a shift to sellers.
Evening Star: A three-candle bearish reversal pattern marked near the recent high. It typically consists of a large green candle (up day), followed by a small-bodied candle (indecision), and then a large red candle closing below the midpoint of the first candle. This suggests bulls are losing control.
Engulf Candle (Bearish Engulfing): A red candle that completely "engulfs" the body of the prior green candle, indicating strong selling pressure overriding previous buying. It's marked near the top, reinforcing the reversal theme.
Opportunity: - As per chart it can short 3380-3350 with stop loss 3400 above for the targets of double bottom pattern 3260 and 3160.
SWIGGY | Positive Divergence |RSI breakout - watchlist ### **Technical Analysis of Swiggy Ltd. (NSE)**
The chart highlights a **descending channel breakout**, indicating a potential trend reversal.
### **Key Observations:**
1. **Descending Channel Formation:**
- Price has oscillated within two downward-sloping trendlines from **January to June 2025**, creating a bearish trend.
- **Breakout above 333.05 INR** suggests buyers may be gaining control.
2. **Volume & Price Action:**
- **Current price:** **333.05 INR**, up **1.28% (+4.20 INR)**.
- **Volume (20-period moving average):** **19.7M vs. 21.35M**—watch for a sustained increase to confirm the breakout.
3. **RSI Divergence:**
- RSI is **55.23**, indicating improving momentum but not yet in overbought territory.
- Divergence suggests weakening bearish pressure, strengthening bullish reversal potential.
- **Support & Resistance:**
- **Support:** **297.00 INR**, the lower boundary of the previous range.
- **Resistance:** **352INR**, the prior high acting as an upside target.
Gold Near The Parallel Channel Resistance. What's Next?Gold has been Trading in the parallel channel ever since the breakout.
Hovering near the Psychological resistance at 3000 with Indicators suggesting Highly Overbought Conditions for Gold.
2 Scenarios are possible.
Scenario A - Gold breaks out of the Parallel Channel and Enters Correction.
Scenario B - Gold Continues its Parallel Channel Uptrend breaking ATH towards 4000.
Technical Analysis suggests that Scenario A is more likely to play out.
Share your Thoughts and Views in the comments section to make this Publication a more Fruitful one.
Journey to become a profitable traderIt starts with an examination that tests trading proficiency and encourages risk management and discipline. Upon completing the examination, the trader will join a prop trading firm, receive a trading account and then grow that account by meeting fixed objectives and withdrawing their profit.
The 1% rule demands that traders never risk more than 1% of their total account value on a single trade. In a $10,000 account, that doesn't mean you can only invest $100. It means you shouldn't lose more than $100 on a single trade.
Advance Divergence trading Seeing divergence increases profitability by alerting a trader to protect profits. Technical traders generally use divergence when the price moves in the opposite direction of a technical indicator.
Strong divergence is the most reliable type of divergence, often signaling a significant reversal. It occurs when the price makes a new high or low, but the indicator fails to do so, indicating weakening momentum.
POWERGRID may fall due to double top formationDOUBLE TOP FORMATION :
powergrid has formed a perfect double top pattern on weekly timeframe and seemed to be positioned for further fall.
Although it had shooted up suddenly 2 weeks back due to the uncertainty which bubbled up surrounding maharashtra election which affected whole stock market. But after the release of the election results it has started going down again
BEARISH DIVERGENCE :
Apartfrom double top it has also formed strong bearish divergence pattern on the chart with 2 divergent peaks having formed on 4th mar & 29th july respectively indicating strong bearish momentum for powergrid
BEARISH MACD :
macd indicator has also become extremely bearish with macd line hovering below signal line by large margin indicating bearish potential
PROFIT TARGET :
The stock will fall till 299 level which is 22 points away from the current level
Divergence Trading Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
Technical Analysis Part - 2The RSI provides immediate signals for buying and selling, helping you understand whether an asset is overbought or oversold. RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued.
Volume can confirm divergence signals by indicating the strength and conviction behind price movements. High volume during divergence signals strengthens the reliability of the signal, while low volume may indicate weaker market sentiment.
Technical Analysis Part - 1An RSI divergence occurs when price moves in the opposite direction of the RSI. In other words, a chart might display a change in momentum before a corresponding change in price. A bullish divergence occurs when the RSI displays an oversold reading followed by a higher low that appears with lower lows in the price.
The RSI provides immediate signals for buying and selling, helping you understand whether an asset is overbought or oversold. RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued.
Technical Analysis Part - 4The MACD is a momentum indicator that can be used to anticipate changes in market sentiment. However, it is not foolproof: experienced traders look to other metrics, such as trading volume, for a more complete perspective on market sentiment.
Key Takeaways
The moving average convergence divergence (MACD) is a popular momentum indicator that is used in technical analysis.
The MACD is calculated by comparing exponential moving averages in a security's price.
The MACD line is charted alongside a nine-day moving average of the MACD line, called the signal line, and a histogram representing the difference between these two curves.
Traders use the MACD histogram to anticipate changes in market momentum.
MACD analysis can still generate false price predictions. Experienced traders use additional metrics and fundamental analysis to support their forecasts.
Silver DivergenceDivergence and Gold/Silver Ratio
Gold and silver are thought to move together, and often they do. There are periods where the Gold Trust (GLD) and Silver Trust (SLV) move in opposite directions and periods where one metal outperforms the other.
Gold is currently outperforming silver. Such discrepancies occur and are monitored by the gold/silver ratio. The gold/silver ratio shows how many ounces of silver it takes to buy an ounce of gold. Since 1975, the average is near 60; right now it stands near 80 ($1,187 divided by $14.99).
While gold outperformance, or silver's underperformance relative to gold, was very noticeable in early 2016, this has actually been going on for a long time. The outperformance has become even more pronounced since 2016. To start 2016, gold traded at $1,069 and silver at $13.80 -- the gold/silver ratio of 77.5. As of Oct. 2018, it's at 80. Gold prices have risen relative to silver prices quite steadily for years. This is mainly due to silver price weakness since peaking near $50 in 2011 (when silver outperformed gold).
Advanced Rsi Divergence TradingRSI Divergence occurs when the Relative Strength Index indicator starts reversing before price does. A bearish divergence consists of an overbought RSI reading, followed by lower high on RSI. At the same time, price must make a higher high on the second peak, where the RSI is lower.
If used correctly, RSI divergence can be profitable, providing early signals of trend reversals. However, it also carries risks, and traders should use it alongside other indicators and proper risk management strategies.
Technical Analysis MACD HIstogram Key Takeaways
The moving average convergence divergence (MACD) is a popular momentum indicator that is used in technical analysis.
The MACD is calculated by comparing exponential moving averages in a security's price.
The MACD line is charted alongside a nine-day moving average of the MACD line, called the signal line, and a histogram representing the difference between these two curves.
Traders use the MACD histogram to anticipate changes in market momentum.
MACD analysis can still generate false price predictions. Experienced traders use additional metrics and fundamental analysis to support their forecasts.
This example should demonstrate how observing the MACD histogram can help anticipate changes in trends in both short-term and long-term price momentum. It is important for traders to learn to recognize these trends and not bet against them. Fighting a trend is a sure way to get pummeled.
Banknifty Professional Trading Setup Here are some things to know about the MACD histogram and divergences:
Divergence
A divergence occurs when the price action and momentum are not acting together. For example, if the price is making lower highs, but the histogram is making higher lows, this is a divergence.
Types of divergences
There are two types of divergences: peak-trough and slant.
Bullish divergence
A bullish divergence occurs when the MACD forms two rising lows that correspond to two falling lows in the price.
Bearish divergence
A bearish divergence occurs when the MACD forms two falling highs that correspond to two rising highs in the price.
Histogram bars
The length of the histogram bars indicate the relationship between the two moving averages. When the moving averages are moving away from each other, the bars are longer, and when they are getting closer, the bars are shorter.
MACD
The MACD is a momentum indicator that shows the relationship between two moving averages of prices. It's calculated by taking the difference between a 26-day and 12-day exponential moving average.
Banknifty , Crude oil and Copper Divergence Divergence is a technical analysis concept that occurs when the price of an asset and a technical indicator move in opposite directions. It's a sign that the price of an asset may be reversing, and it can help traders recognize and react to price changes.
Here are some things to know about divergence:
#Types of divergence
There are two types of divergence: negative and positive. Negative divergence happens when the price of a security is rising, but an indicator is falling. Positive divergence happens when the price of a security is falling, but an indicator is rising.
#When to use divergence
Divergence can help traders make decisions like tightening stop-loss or taking a profit.
#How to confirm reversals
Divergence can occur over a long period of time, so traders can use other tools like trendlines and support and resistance levels to confirm reversals.
#When to use convergence
Convergence is when the price of an asset, indicator, or index moves in the same direction as a related asset, indicator, or index
SMT between NIFTY and IT?Have been back-testing indulging in ICT/SMC concepts and have been noticing bearish SMTs/divergences being formed between BANK, IT and NIFTY (higher highs and lower lows) every time NIFTY proceeds to correct heavily.
Seeing how IT dumped relative to NIFTY's run today, I was hoping to find something like this.
Could be context to an incoming correction.
-GSS
Histogram(MACD) Divergence Trading Let us discuss the MACD indicator strategy and histogram. I know being a chartist you are familiar with this tool.
Hence I hope this will be a revision for you. Assuming you already know this topic, you should know that MACD Histogram is derived from MACD.
To me, it is the effect of MACD (cause), without which MACD Histogram would not have been born. I hope you can relate it to the previous paragraph. If not, no problem. Carry on reading.
But before proceeding further I would request you to recapitulate MACD (moving average convergence divergence). Thanks for converging your thoughts with that of mine. I am glad. It will help me to explain this article without taking the additional burden.
MACD Histogram Peak-Trough Divergence
By now you must have understood how the histogram dances to the tunes of prices. If one looks at it closely then one can easily identify the divergences.
You will notice that a peak and trough divergence is formed with two peaks or two troughs in the MACD Histogram.
Usually, it can be segregated into two parts, i.e. bullish peak and trough divergence and bearish peak and trough divergence.
Alright, I will explain you in short.
Bullish Peak-Trough Divergence
It is formed when MACD makes a lower low and on the contrary, MACD-Histogram makes a higher low. One thing you should keep in mind, i.e., well-defined troughs define the health of a bullish peak-trough divergence.
bullish peak trough divergence
Bearish Peak-Trough Divergence
It is formed when MACD makes a higher high and on the contrary MACD Histogram makes a lower high.
One thing you should keep in mind, i.e., well-defined peaks define the health of a bearish peak-trough divergence.