pinbar+ rsi bearish divergence sell below 944 sl 961 tgt 937-931-925++
Balkrishna Industries is heading downwards whereas Nifty moves upward, chances of revival is not seen in weekly charts
There is a slight RSI -ve divergence and support breakdown in INFY
The 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...
Hi 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...
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...
Bulish Divergence IN M_M Buy Above 527 wit SL of 517 for Target of 537 & 543 and more
Resistance at 11300 Support at 11100 200 SMA is last line of support(11140 in daily chart) buy near 200MA for short term gain
Buy for Target 940-980 SL 865
I have observed that there is a divergence in the RSI oversold area and today's Bullish Engulfing could offer a good trade with small risk. One can trade the stock as under Entry current Price 425 SL 405 Target 497 Risk/Reward Ratio 4.4 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
ONLY if fails to hold above 447 or ONLY if holds below 447 look to short for target 412, which will fill the gap eventually. Regards, Sharma yogesh
What a catch from 369 to 350, now holding above 348 will push the scrip towards 357/363/372 Regards, Sharma Yogesh
The 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...
The Stock has formed big W pattern which is the opposite of big M posted today. We can observe that RSI is showing Divergence One can trade the stock in the following manner :- Entry current Price 214 SL 207 or below of 204 (Closing) depending upon the risk you want take in this trade Target 235 Risk/Reward Ratio 3.5 Disclaimer : All ideas are my personnel...
Double top chart pattern with negative tail at the 2nd top almost confirms the short ........assurance comes from divergence also with different indicators....may follow