Buy Bajaj Finance for long term BAJAJ FINANCE ... Divergence on RSI .. RSI going up . price going down.
Divergence
Short term Bull Trap in PVRPosition could be used to short NSE:PVR at higher level, or capture some 10 to 15 point value.
P.S. Please like the post, if you agree with this short term view.
Auropharma DivergenceI think price should go down, but in short term there might be some increase in price.
In hourly chart price have divergence.
In weekly chart price in range, making several tops but not be able to break them.
P.S. Please like if you find any of these information helpful.
Tvs Motors Bearish Trend Continuation DivergenceSell Positional June Future ~ 336, 340,
Stop ~ 355, Target ~ 250, Lot Size ~ 1350
Divergence in Larsen and ToubroI think there is divergence, and stock could take support of 800 . Option Chain, though not like NSE:SBIN OI, indicates that price should go down.
Please comment, if you think my analysis has some mistakes. Any help would be appreciated.
SBI Cards Supply Demand Zone !!TREND ANALYSIS & TRADE SETUP
Wave Analysis & Chart Pattern .
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Extremely bearish in Atul ltd. 1200 possibleAtul ltd looks strong bearish due to price and RSI making a negative divergence.
Another reason is supply and demand.
Both technical and fundamental reason is too weak to support this.
SOL/BTC What's cooking?Bearish divergence on the 1h. Needs a small healthy correction before it makes its way up. Watch these levels carefully. If broken down the green line - Stop loss.
Negative Divergence - My Favourite trading strategyStock is having a negative divergence - short below the green trend line for target of 1% return for couple of days and upto 3% for the week
The USDINR is trending up, a small divergence was created on RSIIn our last analysis for USDINR, the set target was 74, which was met this week. The minimum target of the pattern has been attained. The pair surpassed its previous highs and retraced back. The USDINR is trending up, a small divergence was created on RSI after which a correction took place on Friday. 73.55 is short term support for the pair, if it manages to close itself above it then we may further see advance in it. The upside targets for the pair are placed at 74.70, 75.50 & 77.50 if the 73.55 levels is safe. Below 73.55 the correction may extend to 72.60, 71.30 & 70.75 levels.
Though we have a bullish candle formation – piercing pattern on Similarly like Nifty the banking index also took support at the last extreme levels established by us at 22900 and bounced back. Individual banking stocks were battered down. Though we have a bullish candle formation – piercing pattern on the daily charts, the resistance weighs more. 25700, 26750 & 28250 are immediate resistance levels, price action needs to be studied when Bank nifty approaches these levels. On the downside if the index breaks 22900 then 20300 may provide minor support. Banknifty is also into sell on rise course as of now. The momentum indicators like RSI and MACD are not providing any cues.
The advance the stock had made in the last few weeks seems to beThe advance the stock had made in the last few weeks seems to be corrective rather than a attempt to move up. As of the stock has taken resistance at an resistance level and formed a dark cloud cover. A move below 243 will aggravate selling and the stock may test 238, 235 & 227 level. However a move above 251 will negate the bearish view and the stock may render into sideways movements again.
Cadila Healthcare (4 hrly chart)1. Taking Resistance at trendline.
2. Bearish engulfing Chart pattern.
3. Negative divergence on MACD
SRF - RSI DivergenceRSI Divergence
Doji candle formation today after a strong up move.
Target - 3133/3035
Stop- 3353
Nifty Short!!!Bearish Divergence Spotted !!! Nifty is making Higher high whereas on RSI it is making Lower High.....seems like nifty will drop further in near term
Castrol Bullish - Trendline Breakout, Double Bottom, Bullish DivBuy Immediately with Stop Loss of 141, Trend-line Breakout along with double bottom formation, also Bullish Divergence
!!CAUTION!! IN NIFTY INDEX PLEASE NOTE:-
THIS IS A VIEW ON NIFTY INDEX NOT A SUGGESTED TRADE
SINCE I DON'T TRADE WITH MONTHLY POSITIONS
!!CAUTION!! IN NIFTY INDEX
-AS WE SEE THERE IS A CLEAR DIVERGENCE IN NIFTY INDEX ON MONTHLY CHART
-MOMENTUM INDICATORS ARE LOSING MOMENTUM
-CLEAR "DIVERGENCE" IS VISIBLE ON THE INDEX MONTHLY CHART
-WE HAVE CLEARLY HIT RESISTANCE ON WEEKLY CHART
-DAILY CHARTS ARE SHOWING SIGNS OF REVERSAL
TRADEVIEW
:-I SEE FURTHER WEAKNESS
:-SINCE HOLIDAYS ARE APPROACHING NEXT MONTH I SEE LESS INSTITUTIONAL ACTIVITY
:-MONTHLY CHART DIVERGENCE IN PRICE AND RSI INDICATOR SHOWS BRUTAL DOWNSIDE
:-I HAVE STARTED TO ACCUMULATE NIFTY 26TH DEC PUT OPTION OF 12000 STRIKE PRICE(IN THE MONEY RIGHT NOW)
TRADE IN ACC. TO NIFTY SPOT RATE (PLEASE ADJUST FOR FUTURES)
SHORT @11950-11980
STOP @12100
TARGET 1@11820
TARGET 2 @11680
MORE TARGETS WILL BE VISIBLE AFTER THE ABOVE TARGETS ARE BREACHED
ICICI Bank Divergence: Reversal or just a halt?Higher TFs have alreadyy thrown a nice breakout to the ATH. Monthly RSI is overbought now. Looking at the price action, I don't see a big reversal of any sorts.
There is a nice 3 Bar Negative Classical Divergence (NCD) in the Daily. Also, it being at the ATHs and overbought levels make it more strong. The last candle was an upside rejection candle, again showing exhaution in momentum.
In the 75 min again, we see a nice wide NCD. Once the TL is broken and price makes a LL, one can look to enter short Intraday provided an opportunity arrives in the 15 min TF for a quick and small move.
