Watch price movement - wedge formation, stochastic divergenceAs seen in chart, a wedge is formed and stochastic is rising but price is falling - classic bullish divergence
Divergence
Short UPL as per MACD & Stochastic signalsNSE:UPL is one of those stocks where it seems bearish phase is yet not stopped. Fresh signal are given by MACD crossover as well Stochastic crossovers. Interestingly both are also giving bearish divergences (observe down arrow) which confirms our short selling call. Short Sell in range of 700-705. Targets will be 693(T1), 680(T2), 672(T3). A stop loss of 709 is highly recommended.
Bearish divergence and break down below KijunSen Bearish divergence and break down below KijunSen is giving early sign of weakness.
Triple Bearish Divergence in SunPharmaAs seen in above charts triple stochastic divergence is seen in NSE:SUNPHARMA giving a confidence of clear bearish phase.
Short NSE:SUNPHARMA at 530 with a target of 511(T1), 498(T2) & 466(T3). Stop loss of 542 is recommended.
Buy Supreme IndSupreme Ind takes support at 200 SMA and old trendline + Shows Bullish divergence BUY at 1192 for target of 1265 SL 1155
MACD Divergence - Ashok LeylandThere may be a chance of short term bearish trend on Ashok Leyland. This is just for learning. Experts please clarify whether analysis is correct
APOLLOHOSP: Defensive BetAll mentioned & plotted on Chart.
My personal View. If matched, Like & Share
As i am not SEBI regd. analyst, take this study as educational purpose.
For taking trade decision Consult with financial Advisor
Bullish Divergence ....Short term BUY at CMP for target of 108Bullish Divergence ....Short term BUY at CMP for target of 108 SL 92
Bullish Divergence ....Short term BUY at CMP for target of 140Bullish Divergence ....Short term BUY at CMP for target of 140
SHORT : Divergence & multiple resistanceClearly divergence in MACD and RSI are telling the forthcoming weakness that too at the level of multiple resistance so one can take chance by shorting the stock. STOP LOSS Little above the recent high. Just to mention that divergence at the top are relatively tricky comparing to formed at bottom.
What is Divergence And How Does it Work ... For Learners ...Dear All , I am not A Professional in Share Markets But Sharing Knowledge always increases Knowledge of Everyone ... So , I am just Sharing About Possible Divergences of Share Price with RSI ...
Basically , There are two types of Divergences :-
(1) Positive/Bullish Divergence :-
It is known By Joining Bottoms in A Chart And Comparing it with RSI or Any Indicator ... There are Two Possibilities in this Divergence :-
: The Trend is Going Upwards & RSI is Slopping Downwards .
: The Trend is in Downward Direction & RSI Slops Upwards .
(2) Negative/Bearish Divergence :-
It can be derived by Connecting the Tops in A Chart And Comparing it with RSI or Any Indicator . Similarly , It is Identified if :-
: The Trend is Up And RSI Slops Down .
: The Trend is Down While RSI Shows Upwards Movement .
So That was From My Kitty ... You Can Apply Divergence Theory With Any Indicator ... It is Simply Awesome Tool for A Trader ... You All Should Keep it in Your Kitty ... Good Luck !!!
SBI: The Divergent TradeNotes on the chart.
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Bravetotrade
izmo looks bullish in short to medium termin daily, price bounced from the support zone, also hidden bullish divergence is seen here.
sl - 52, tgt1 - 60, tgt2 - 70
Buy Bullish 3-Drive Pattern with Divergence The pattern is formed by 3 consecutive symmetrical valleys where price and time symmetry is the most important key. The stock has formed perfectly the aforesaid pattern. It is also showing the divergence which confirms of possibility of a reversal from this level. The pattern typically offers excellent risk/reward ratio therefore one can invest/Trade the pattern for decent return.
Potential reversal of downtrend - Syngene International (BUY)Syngene International daily charts show that it has been in a downtrend since 12-Dec-2016 making lower lows and lower highs.
Price broke above the downtrend resistance line in Sep 2017 and seems to have found support at levels of 440-450 (as observed in may 2017)
MACD & On balance volume indicators show bullish divergence as per the chart as observed in the month of May & August 2017 which signal early signs of trend reversal on the charts. Cup and handle pattern formation is also visible on the charts.
Trading Strategy : Buy setup
Buy @ CMP 501.5
1st target @ 550
2nd target @ 600
Stop loss : below 460
Risk/reward ratio : 2.49
Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
SHORT Wedge Pattern & DivergenceThe stock has formed Rising Wedge and showing continuous divergence. One can short the stock with small SL of high of today for a target of 440 which offers a decent Risk to Reward ratio. Wishing all the mates Happy and prosperous Diwali..
CANFINHOME bounce from medium term support CANFINHOME stock price bounce from the medium team support zone 508/538 ready for target of 650+ by keeping stop loss below 473.
1. we can RSI divergence.
2. MACD is positive.
3. RSI above 50.
Nifty- No Selling Above 9900- Bearish Harmonic@10034 & WedgeIf Nifty Holds above 9900 - Avoid Selling as updated in previous update - Nifty Travelled 10034 as of 10th Oct2017. We are having deep crab bearish harmonic at 10034 - Likely Bulls should book profit & look to sell in 10010-10025 with stops above 10075.
There is a wedge pattern which is forming on both indices Nifty & Bank Nifty & have been chopping upside for last couple of days.
What we have
Wedge pattern(shown in red on top end of the channel) always & almost follows swiftly to the starting point key level - in current case it is 9880 level.
Bearish Deep Crab Harmonic Pattern at Highs of 10034 but PRZ can extend till 10070-10075 Zone on the upside.
How to execute
Either sell below 10000 - 9980 Zone or sell on upside in the zone 10030-10050 after observing that it faces resistance in the zone & holds on upside & falls below 10015 later.
Target 1 - 9880,
Target 2- (Below 9880) - 9800-9775,
Target 3 - (Below 9775) - 9685-9700
Target 4 - (Below 9685) - 9575-9600
Previous Update - USDINR- Nifty -Intermarket Analysis -250 pips & fall from 66.00- (Turned upside as aniticipated from 64.80-65.20 zone)
