Dmart form Bearish RSI Divergences on Daily Chart.
Bearish View on stock till 200 sma :
1) D'Mart has faced resistance at zone of 1510 -1530 & downtrend started
2) Dmart form Bearish RSI Divergences on Daily Chart - RSI making low high & price making higher high.. See the chart for visual details
3) RSI taken support at 50 level many times , if rsi...
The pair has been moving in a falling channel pattern from the past three months. Yesterday, the pair tested the 1.08230 support level for the third time and again took a bounce, ending the day with a long bullish candle and creating a morning star pattern. Moreover, the upliftment in the pair was supported by the divergence between the prices and the RSI...
Looking at the current market scenario anyone would initiate a short position.
But, there are some levels and certain candle formations which gives us a clear picture of the next move.
If this stock falls with the current market scenario we may witness 1530 to 1550 levels in this counter.
This is a simple example of bearish divergence on RSI.
One can see the price...
I have observed that there is a divergence in the RSI oversold area and today's Bullish Engulfing could offer a good trade with small risk. One can trade the stock as under
Entry current Price 425
Risk/Reward Ratio 4.4
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
The stock is in deep downtrend but has made a Victor Sperandeo 2B Reversal Pattern with RSI Divergence therefore it looks good for trading/investment. Traders can enter a long at current level with SL of recent low which is quite affordable. One can easily fetch 2.5 - 3 times reward of the risk being taken into this trade. I know that following the trend is better...
The Stock has formed big W pattern which is the opposite of big M posted today. We can observe that RSI is showing Divergence One can trade the stock in the following manner :-
Entry current Price 214
SL 207 or below of 204 (Closing) depending upon the risk you want take in this trade
Risk/Reward Ratio 3.5
Disclaimer : All ideas are my personnel...
Initial visual inspection shows the index is recently trading sideways between 30230 and 31715. Point to notice here is that we could observe a negative divergence through oscillators i.e. RSI and MACD. That clearly indicates a negative bias. So by considering these factors, index falling to 30230 (further 400 pts away from current level) now almost looks...