siemens sell set upRSI DIVERGENCE
DUAL TOP
loosing strength , can short on bounce of 1/1.5% for 1560/1570 targets
Divergence
#Bergerpaint is forming bearish divergence.Find your opportunity#Bergerpaint is forming bearish divergence. Find your opportunity
LoosersBalkrishna Industries is heading downwards whereas Nifty moves upward, chances of revival is not seen in weekly charts
Go long on EURCHF : Breakout of falling channelThe 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 indicator. At the moment, the price is just below the resistance level of 1.09076. following breakthrough, the prices are expected to reach 1.10467. The support for the pair is the area between 1.07997 - 1.08229. This area is important and the stop loss should be below it or it can be the lowest level of the area i.e. 1.07997.
DMart form Bearish RSI Divergences on Daily ChartHi Trader,
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 breaches this level it will freefall as bear fully control stock.
4) More Bearish if price breaches uptrend channel & 200 sma.
Target : 1425 (200 dma)
Strict Stoploss: Above Swing high of 1510 -1530 (Resistance zone)
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Asian paints bearish divergence on a weekly time frame.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 making higher highs and the RSI making Lower Highs.
Keep this stock on your RADAR. For further short levels, you may message me.
Thank you.
Bulish Divergence in M_MBulish Divergence IN M_M
Buy Above 527 wit SL of 517 for Target of 537 & 543 and more
Bullish divergence in NiftyResistance at 11300
Support at 11100
200 SMA is last line of support(11140 in daily chart)
buy near 200MA for short term gain
Small Risk potential Reversal Trade !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
SL 405
Target 497
Risk/Reward Ratio 4.4
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Sunpharma Update ONLY if fails to hold above 447 or ONLY if holds below 447 look to short for target 412, which will fill the gap eventually.
Regards,
Sharma yogesh
SBIN updateWhat a catch from 369 to 350, now holding above 348 will push the scrip towards 357/363/372
Regards,
Sharma Yogesh
Victor Sperandeo 2B Reversal Pattern RSI Diverg Small Risk TradeThe 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 but sometimes taking small calculated risk for reversal also rewards well.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
