The chart looks for a good short. Bearish divergence with trend line violation
The advance the stock had made in the last few weeks seems to be corrective rather than a attempt to move up. As of the stock has taken resistance at an resistance level and formed a dark cloud cover. A move below 243 will aggravate selling and the stock may test 238, 235 & 227 level. However a move above 251 will negate the bearish view and the stock may render...
1. Taking Resistance at trendline. 2. Bearish engulfing Chart pattern. 3. Negative divergence on MACD
COALINDIA SHORT PRICE 208 AND EXIT PRICE 200.
RSI Divergence Doji candle formation today after a strong up move. Target - 3133/3035 Stop- 3353
Bullish Engulfing Pattern with rising volume and positive divergence from oscillators.
Bearish Divergence Spotted !!! Nifty is making Higher high whereas on RSI it is making Lower High.....seems like nifty will drop further in near term
Buy Immediately with Stop Loss of 141, Trend-line Breakout along with double bottom formation, also Bullish Divergence
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...
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...
Gave tweezer top on Daily and bearish divergence on hourly can see 417 if 420 broke stop is 425 enter on levels only
RSI DIVERGENCE DUAL TOP loosing strength , can short on bounce of 1/1.5% for 1560/1570 targets
RSI is making newer highs although price is not following the momentum
We can see Bullish divergence in the charts i profess it as a long opportunity
Negative divergence can be seen, expect the scrip to fall
AN upward rising wedge along with a negative RSI divergence can be seen.
Short setup formed RSI not supporting the upmmove good short opportunity
#Bergerpaint is forming bearish divergence. Find your opportunity