If Bank Nifty opens Gap Down, very high probability to go down further. In case it is trending on positive, wait for the swing high and sell from Top. NSE:BANKNIFTY
INOX has printed consecutive green candles even amid lockdown fears. For this reason buying & targets are at strict levels. Hidden Divergence : Occurs when price forms higher lows while RSI forms lower lows. Signals a strength in existing trend. Buy above 338. Targets - 360. If you found this analysis useful, check out my other charts. Links are given below....
RSI did not make a new high when price made a new high ie. negative divergence
A Bullish Divergence A Morning Star / Bullish Abandoned Baby candlestick. A Double Bottom
A hammer candlestick pattern at the bottom of the Parallel Channel along with a weekly Bullish Hidden Divergence provides an indication towards the reversal of the downtrend. The relative strength is also supporting its cause.
After the Bearish Divergence the stock corrected from 1620 to 1210 and now we see a Bullish Divergence formed at the bottom of the Parallel Channel. A Symmetric Triangle is also formed and a breakout on the upper side is very likely. The relative strength also is turning positive again against its Index. If all goes well the minimum targets as suggested should...
Nifty View: Nifty continues to extend the recent bounce back with slow and steady up days. Today’s trading session was marked with intraday volatility which resulted in no follow through buying post the positive gap up opening for the index. A closer look at the 15min chart of the index shows clear existence of short term resistance and support. On the upside,...
Possible sign of downtrend continuation towards 118 because of RSI divergence(Price is going down on trend but RSI is going UP) .
Cummins India chart analysis for intraday and swing trading
Buy TCS CMP 2947 Stoploss 2860 Target 3030 and 3080 Study : Bullish Divergence spotted at 1 hour Timeframe
For all the basic stuff that I am using in this post, you will have to visit the following idea. This post is in continuation of SBI weekly divergence study.. Abbv. used: Overbought -- OB Oversold -- OS Divergence -- Div A-- OB B-- Div after OB at A C-- Double top and Div Multi week correction back to support D-- OS at support and very sharp rally due to...
Sail has bullish divergenceon 2hr TF with a major support at 56 currently in weekly demand zone...
Breakout from a Rising Wedge. Breakout from a Darvas Box. Bullish Hidden Divergence. Strong Volume Candle.
Nifty View: The range of resistance within (15,200-15,300) proves itself in today’s session. Benchmark Nifty with many sectoral indices did slip ⛷quite a bit from their respective intra-day highs. Do not consider this as a trend reversal yet, as the underlying trend of the index is very much UP ⬆️ and intact. Intermediate divergence is prevailing between price and...
Price took support at trendline and RSI made hidden divergence and trading above 40 levels. Disc: Not a trading recommendation. Educational purpose only.
Thanks to banking stocks and especially SBIN, the benchmark Nifty posts fourth consecutive positive daily close. Targets/ resistances from one of the rising channel's upper border at 14,900 is now taken care and if this kind of momentum continues then we should be headed towards (15,200-15,300). But there is a little element of caution we should pay attention to....