CMP 449 Tight SL : 445 Target : 470 RSI 30 min's recovered from oversold and looks bullish divergence - Bullish signal PCR @ 37% - Bullishness Good risk reward
A clear divergence shown in the stock for weekly chart. Is it time to go long on this stock?
Observation -> RSI Divergence (Red line): 11 MAY to 8 June 2020 -> Price & volume : Price is increasing & volume is decreasing : Bearish -> Fiboonaci extension used to find short term upside movement which can be a point of reversal. Remark RIL has tested 1600 level for the third time, hence there can be a + Breakout. ( Extension levels,...
Intraday Buy ~ 1030, 1035, Stop ~ 1020, Target ~ 1055, 1060
SBI has fallen more than 50% three times in the last 10 years. In order to find a rationale to invest, we have analyzed SBI in different time frames. KEY OBSERVATIONS- 1. Demand Zone - A demand Zone is an area where buyers dominate over sellers, there is massive buying pressure in this zone. SBI is currently in demand zone which is around 160 to 150 levels. This...
BAJAJ FINANCE ... Divergence on RSI .. RSI going up . price going down.
Position 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.
I 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.
Sell Positional June Future ~ 336, 340, Stop ~ 355, Target ~ 250, Lot Size ~ 1350
I 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.
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.
Atul 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.
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.
Stock 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
In 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...
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...