KAMOPAINTS - DIVERGENCE & CONFLUENCE WITH H&S!Points to Note:
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1. A hidden divergence with RSI, at the 61.8% level showing Oversold levels
2. An inverse Head & Shoulders(H&S) showing accumulation
3. A healthy breakout with volumes out of both the downward Trendline & the H&S
4. Good Price to buy, at the retest of the trendline
Disclaimer: This is merely an observation & NOT a Trade recommendation. Please take trades at your own discretion & analysis.
Divergence
PAGEIND - Bullish Divergence - Reversal structureThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
After breakout, a major resistance becomes major support. Here we can see price taking support from that level many times. But not just that, it is also showing Bullish Divergence on RSI which shows that price can give upmove in coming days/weeks.
The company is also a leader in its segment with great market share. Hence it must be kept in radar
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Bearish Marubozu in HINDALCO,1DNSE:HINDALCO formed Negative RSI Divergence and Bearish Marubozu on Higher high with RSI creating Lower High on Daily TF.
Entry : 484.50
Target : 464/448
SL : 510
RR : 0.8/1.4
(2nd target for better Risk Reward Ratio)
BANKNIFTY Price Action.* B-nifty is taking support of trendline.
* Class -A divergence seen on chart.
* HDFC bank also showing class -A divergence.
* There are good chances of up-move from here up to 45800.
Shooting Star in Maruti, 1DNSE:MARUTI formed Shooting Star and -ve RSI Divergence in Daily Timeframe.
Entry : 10346.75
Target : 10100
SL : 10640
RR : 0.84
Supper Bearish CoalIndia Hello friends,
it was good move came in coal india in last few days. but now days global market is looks so weak. Based on this data here coal india has super Bearish Diversion built up. if it goes correct it will give supper fall to 15-20 points. within 2 - 3 days it will give clear cut fall.
1. its on high / top of trend range
2. prices shows up but SRSI show complete down so both are not matching. it need price base correction.
3. after continue bullish it need correction to move up.
based on these points this stock is waiting for some trigger to fall. you can keep this in your watch list and tracking it.
Its not recommendation but just my point of view. So your own analysis and trade own your own risk.
Like | Share | Comment.
Thank you.
Bearish Engulfing formed on DIXON,1DNSE:DIXON formed Bearish Engulfing, Bearish marubozu, Rising Wedge, Double Top and -ve RSI Divergence on Daily TF. ITs a high probability trade.
Entry : 4920.30
Target : 4650
SL : 5225
RR : 0.9
HDFC Bank class A divergence.HDFC Bank class A divergence seen on chart which is sign of reversal. It may reverse from here for target 1800,2100.
Nifty spot Bearish Divergence on 1 hrNifty spot Bearish Divergence on 1 hr
can look for tp of 18890-870 with risk reward ratio of 2.31
dc : only for educational and learning purpose
POLICY BAZAAR - #Longterm This is a purely Technical Call.
Low Risk High Reward
Insurance space in India is very premature. With the current gen understanding the importance of Insurance and financial assets, there would be a surge in this sector going forward and not to forget this gen is tech savvy.
PB Fintech Ltd, is a multinational financial technology company, popularly known as Policy Bazar is India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products.
Policy Bazaar – Launched in 2008 , is India’s largest digital insurance marketplace with a 93.4% market share based on the number of policies sold. Furthermore, in FY20, 65.3% of all digital insurance sales in India by volume was transacted through Policybazaar.
51 Insurer Partners have offered over 340 term, health, motor, home, and travel insurance products on Policybazaar’s platform. As of March 31, 2021, over 48 million Consumers have registered on Policybazaar’s platform and purchased over 19 Mn policies from its Insurer Partners. In Fiscal 21, the annual number of visits on the Policybazaar’s website was 126.5 Mn
Paisa Bazaar – Launched in 2014 , has built 54 partnerships with large banks, NBFCs, and fintech lenders who offer a wide range of product offerings on the platform across personal credit categories, including personal loans, business loans, credit cards, home loans, and loans against property. It is India’s largest digital consumer credit marketplace with a 51.4% market share, based on disbursals in fiscal 2020. Approximately 21.5 Mn unique Consumers have accessed their credit score from Paisa Bazaar. During FY21, Paisa Bazaar enabled disbursals of Rs. 2916 Crs
With the use of Artificial Intelligence, Machine Learning, and Deep Data science. the company has developed capabilities in marketing, product discovery, KYC, risk assessment, claim to process, facilitating the delivery of suitable products which enabled the company to gain a high Market share. The company also helps financial services industry insurers and lending partners create and design customized products for consumers by utilizing broad data insights and data analytics skills
MUTIPLE DIVERGENCEZOMATO has made mutilple divergence on daily as well weekly charts,
long buildup by Mutual fund AMC
VALIANT ORGANIC 1100 ?stock is falling from 2000 level fom ipo rate now i am observing a two dip with good divergence on weekly time frame and on last dip we can see a bullish engulfing pattern confirmation
we can see target of 950, 1100 if stock is forming to form uptrend and stock sl is 400
BTC FORMING HEAD AND SHOULDER PATTERNBTC have chances to form head and shoulder pattern is conformation loss 27500$ support then will see 19500$ becoz we have GAP in that region.
v
TOTAL CRYPTO MARKET FORMED DOUBLE TOPTOTAL have chance to take retracement becoz of Double top and RSI DIVERGENCE, Next support levels are 1.2T , 980B , 874B and 725B. Another chance to make triple top also if interest rates go lesser.
#Bitcoin #nft #bnb #eth #btc #BSC #Binance #trading #altcoins #cryptocurrency #crypto
CANBK Bearish Divergence by RSI Canara Bank (CANBK) is showing bearish divergence with momentum and price which means that upmove is losing it's momentum
How can i say this ?
Because Prices are rising and momentum (RSI) is not rising in the given direction which shows lack of strenght, doesn't mean it cannot move upwards but the probability of moving down is more.
This view can help us,if not short then atleast staying light on the upside.
#NIFTY50 #NSE @elearnmarkets- Dark Cloud Cover formation at the resistance.
- Bearish Divergence Confirmation
- Failed to make a Fresh High
- Retracement or Reversal - Time will tell.
ApolloTyres: RSI DIVERGENCENSE:APOLLOTYRE is making a higher high whereas RSI is diverging by making a lower Highs. If taken a trade, In my opinion if RSI crosses below the support line one must exit the trade and take out profits
#NFLX bullishDespite NASDAQ:NFLX beating its earnings across the board, its stock came across some bearish moment. Here I believe we might see a reversal in trend, as noticeable a divergence signal from MACD & RSI both. Also, Considering today’s price action, a jump of almost 1.5% intraday from its 200 MA, we might continue to be bullish and breakout from the triangle as well.
neutral to bearish toneVEDL is neutral at the moment with both bullish and bearish signs
1. a long term 600%+ rise - bull
2. 51 % correction from top - bear
3. classic bull divergence between rsi and price - bull
4. minor hidden bearish divergence between rsi and price
5. a down flag/pennant consolidation
6. RSI is in downtrend
the price is moving with contracting bases challenging the resistance forming an ascending triangle but it got invalidated by a sharp fall, a sell on rise till the resistance taken out decisively.
Nifty Bigger correction/crash in Medium TermNifty showing Bearish divergence wrt RSI as well as MACD on Weekly timeframe.
On Medium term this may signify a bigger correction incoming.
Nifty remains a buy in short term.
NIfty showing Bullish Divergence wrt RSI & MACD. Trend reversal?BUllish divergence on Nifty w.r.t RSI and MACD.
Double divergence gives strength to it.
Short term bullish reversal can play out here.
double confirmation shortCummins chart has formed a head and shoulder with classic bearish divergence at top. short entries can be planned as per strategy.
VIEW:- BULLISHCMP 880
Weekly chart
1) has got W pattern
2) with v pattern in first leg of W
Daily chart
1) double bottom
2) 12candles motherbar
3) above 50 moving average
4) postive divergence
5) bullish jackpot pattern
6) multiple v pattern
support 825-800
can come near 860 too
resistance 1050+
