A strong Divergence has been formed on the Daily Chart. The breakdown of 1733 will open the lower levels. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
This week the price has rebounded from the lower levels very well but there is a divergence pattern formed. The price could consolidate at these levels or it may be correct. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Recently we had a divergence pattern. Also the RSI is declined below the level of 60. All these indicate the price could consolidate at these levels or it may correct. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
A strong Divergence pattern is formed on the Weekly Chart. Also we have an indecisive candle on the daily chart. WTF Resistance : 23,200 WTF Support : 21,850 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Island Reversal, A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend. Rsi divergence implies a change in relative strength as compared to price movement. The price has come out of the regression channel. Probably we are in the 4th wave, which means we have completed the top of the...
Asian Pains is at support of trendline near 2800 on a monthly time frame and having resistance at around 3400. RSI is around 45. Bullish divergence is formed on chart. Fundamentals of company: ROCE - 34.37 ROE - 27.74 PE / Industry PE - 51.32 / 46.21 Company is fundamentally strong and can accumulate for long term. Disclaimer : This is for education purpose...
I believe in technical analysis and I have been astonished about the accuracy when used properly, this is one of those cases. The Peak can be considered as Stoploss
Sell Price above 1122 Stop 1153.80 Target 1043.15 Just for Educational Purposes not a recommendation/suggestion Maybe try Paper trade
Points to Note: _______________________________ 1. A hidden divergence with RSI, at the 61.8% level showing Oversold levels 2. An inverse Head & Shoulders(H&S) showing accumulation 3. A healthy breakout with volumes out of both the downward Trendline & the H&S 4. Good Price to buy, at the retest of the trendline Disclaimer: This is merely an observation &...
The 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...
NSE:HINDALCO formed Negative RSI Divergence and Bearish Marubozu on Higher high with RSI creating Lower High on Daily TF. Entry : 484.50 Target : 464/448 SL : 510 RR : 0.8/1.4 (2nd target for better Risk Reward Ratio)
* B-nifty is taking support of trendline. * Class -A divergence seen on chart. * HDFC bank also showing class -A divergence. * There are good chances of up-move from here up to 45800.
NSE:MARUTI formed Shooting Star and -ve RSI Divergence in Daily Timeframe. Entry : 10346.75 Target : 10100 SL : 10640 RR : 0.84
Hello friends, it was good move came in coal india in last few days. but now days global market is looks so weak. Based on this data here coal india has super Bearish Diversion built up. if it goes correct it will give supper fall to 15-20 points. within 2 - 3 days it will give clear cut fall. 1. its on high / top of trend range 2. prices shows up but SRSI show...
NSE:DIXON formed Bearish Engulfing, Bearish marubozu, Rising Wedge, Double Top and -ve RSI Divergence on Daily TF. ITs a high probability trade. Entry : 4920.30 Target : 4650 SL : 5225 RR : 0.9
HDFC Bank class A divergence seen on chart which is sign of reversal. It may reverse from here for target 1800,2100.
Nifty spot Bearish Divergence on 1 hr can look for tp of 18890-870 with risk reward ratio of 2.31 dc : only for educational and learning purpose
This is a purely Technical Call. Low Risk High Reward Insurance space in India is very premature. With the current gen understanding the importance of Insurance and financial assets, there would be a surge in this sector going forward and not to forget this gen is tech savvy. PB Fintech Ltd, is a multinational financial technology company, popularly known as...