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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
NSE:NIFTY
by manavtechresearch
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.
NSE:ICICIBANKShort
by afzal_57
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.
Long
by forexnoobmaster007
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.
NSE:DMARTShort
by karanwealthape
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.
NSE:ASIANPAINT
by abhijitgujarathi15
6