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Divergence

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
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.
CLong
by praveen.bhatiya
Bank Nifty | Clear signs of weakness - 30K criticalInitial 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 inevitable. Once BankNifty hits that level, it is important to observe how it responds to that level. Because apart from being range bottom, trendline could offer some support to the index and immediately below that is a strong round number 30K. Hence existing shorts can be held until 30230 and any new positions have to be reactive based on how Bank Nifty responds from then on. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:BANKNIFTY
by AkhilSuryaFS
Bullish DivergenceI had been drawing this chart since FET touched the low but couldn't publish. There's bullish divergence on RSI and OBV as seen in my chart. The technicals really look bullish to me. Talking about the fundamentals, FET is a very good project - most of the code is written in C++ and that shows the expertise of the team. It's currently above 300 in MCAP and I think it deserves to be in top 100 at least. If it goes till 100, you can expect 5x profit in BTC value. There's major resistance around 2000 sats - also expecting 7 MA to crossover 99 MA and that will be the first time since Apr 18 before touching 4684 sats. Currently 7MA and 25MA is acting as support and I suggest you not to short it above 1650 sats (also let 4H candle to close). Speaking about sentiments, BINANCE:MATICBTC had great bullish sentiments and during the same time, there was seen a good volume coming in FET. During bull run, these are among the top coins to get pumped. After MATIC, I think it's time for FET to rock, A good time to buy and a very good coin to HODL.
Long
by the_baahubali