ARVINDFASN NEAR ITS DEMAND ZONE NSE:ARVINDFASN IS NEAR ITS DEMAND ZONE ON THE HOURLY CHART WITH STOCHASTIC RSI IN OVERSOLD ZONE AND MOVING UP WITH A DIVERGENCE .
RESPECTIVE LEVELS ARE MENTIONED ON THE CHART .
Divergence
DBL Trading Near a Support and Giving Positive DivergenceDBL is trading Near a Support level and giving a Positive Divergence.
MRF Divergence A divergence is formed on the MRF with stock trading at its long term supprt but keep in mind it's Q4FY19 results are due for the next week.
Jai Hind
Negative divergence weekly chartsSell signal inndicated by rsi indicator showing negative divergence
Bullish-inv H&S, wedge breakout and positive divergence RSIM&M we can see an inverse head & shoulders pattern, downward wedge breakout and positive rsi divergence. Unleash time for the bulls.
Nifty Seen Negative Divergence on hourly chart.Nifty
Seen Negative Divergence on hourly chart.
Rsi is Falling
Price is rising
this may give a Heavy profit booking Drop anytime
So Bulls be Cautious.
India Glycols Bullish Divergence Daily ChartIndia Glycols
Bullish Divergence
Symmetrical Triangle Consolidations
Breakout Above 320 & sustain may lead to 370-400 with clear Rally.
BANK NIFTY !!! BEARISH DIVERGENCEBEARISH DIVERGENCE FORMED IN BANK NIFTY. SHORT TERM TREND WILL GET BEARISH.
Hourly good Risk to Reward setupPrice actions are captured by an up sloping PF with multiple touches on LML so one can try a trade on this setup. It is a strong demand Zone also and now coming out of RSI oversold confirming a good possibility of reaching the target.
Entry current Price
SL 340
Target 352.50
Risk/Reward Ratio above 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Double Bottom : Good Risk to Reward TradeAshok Leyland has formed double bottom and showing signs of reversal. It has a reasonable PF catching the price frequencies and is available on the LML offering a good entry. It has formed a double bottom with divergence on MACD which is quite reliable setup. Heiken Ashi has turned to Green also. One can buy the stock with the following details
Entry current Price 79,50
SL 77.4
Target 86.25
Risk/Reward Ratio above 3.21
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Hidden Bullish Divergence And RSI Heavily OvesoldTrade Time Frame 4-5 Day's
Entry @216, 217, Stop @209, Target @245
Hidden Bullish DivergenceThis can be seen when the pair is in a uptrend. Once price makes a higher low (HL), look the oscillator does the same. If it doesn't and makes a lower low (LL), then we've got some hidden divergence in our hands. The normally occurs at the end of bearish trend.
BankNifty Bearish ViewBankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your portfolio. I would recommend to create a covered put which can be rolled up or averaged if it moves up higher which seems unlikely. Maximum banking heavyweights are trading near their highs and showing weakness too. Today BNF may see some retracement and technical pullback. Aggressive traders may employ the covered put if they see BNF at higher levels.
Short NiftyTentative Bearish divergence of Stochastic indicator giving a hint of selling the N . Aim for 10750.
NZDUSD LONG!!Prepare for NU BUY
As described before price was retracing and now it has came around 61.8% of the original impulse, So now we'll have to prepare for the BUY.
I'll looking for BUY entries around 0.6760 price level, apparently which will also complete the 5 wave structure.
Good Luck
Colpal formed bearish divergence near ResistanceCOLPAL TRADING NEAR RESISTANCE AND FORMED BEARISH DIVERGENCE.
SHORT WITH BELOW FIBOO LEVEL TGTS
SHORT : Victor Sperandeo 2B Reversal Pattern RSI DivergencePrice formation suggests a short as recommended by Victor Sperandeo in his 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. One can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade. RSI divergence is one more confirmation for the trade.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
3 Drive on Top/RSI Divergence The stock has formed a 3 Drive on Top reversal pattern at the 78.6 fib level of last swing. RSI is not supporting the 3rd top and showing divergence. It has came back to Bollinger Band so it seems to be a good short trading is possible here. One can shot below the 10890 with small SL of recent made high and expect the target of 10500/10100.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
