[ Bullish ]......Symmetric Triangle with Positive RSI DiverganceNSE: 3MINDIA is beautifully forming a Symmetric Triangle with a Positive RSI Divergance on Weekly Charts...
This scrip is getting ready for making a big move in next few weeks...
Current Market Price is 11,600
Currently it is in downtrend and may fall upto 11,000 to 11,150 and could take support over 100 Days Moving Average which would be opportunity for making long positons...
Do your own study before making any positions...
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Divergence
NIFTY SHORT :Harmonic 3 Drive PatternThe Index has formed Harmonic 3 Drive Pattern at the top of the rally and clearly Showing RSI Divergence showing weakness in the coming days. One can short it with appropriate stop loss. As mentioned in my earlier post that Divergence made at the top are little tricky compared to the one formed at the bottom. Good Luck
ANDHRA CEMENTS FORMING DESCENDING TRIANGLE AND BULLISH DIVERGENCStock has corrected a lot in recent times. However, the channel has become very small in the descending triangle. Notice the volume and divergence that is forming.
Would love to hear your views friends and mentors.
Negative Divergance in hourly charts of BHARATFINIn the hourly charts of Bharat Financial Inclusion a Negative RSI Divergance is forming which indicates stock price may fall...
Here, Price making higher high where as, RSI making Lower Low formation...
CMP 803.8
RSI 58
Be cautious.....
Note: Do Your own study before making any position...
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Positive Divergance in USD/INR daily chartsIn the charts of USD/INR price is froming Lower Lows (LL) and RSI is forming Higher High (H H) within oversold zones...
It is expected that whenever these types of divergence is formed it seems to be Price Reversal...
I have made a long position at a price of 64.85 looking after this divergence...
Note: Do your own study before making any position..
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You can also see divergence related research which were accurate previously below related ideas...
Gravita India has shown a negative divergance in Daily Charts...It has shown a negative divergance and a big downfall with high volumes.....
it can fall upto 50 days EMA and take support over it because it is in uptrend on monthly chart .... for long term investment this fall is a golden opportunity....
it may fall upto 50 - 47 region.......
BEL Bearish Divergence and candle !The stock is making higher high but RSI is making Lower Highs thus telling the forthcoming weakness. It has formed Evening Doji Star pattern today confirming the possible reversal. One can short the stock here with SL high of today. Fib .618 level seems a reasonable target.
NIFTY Channel Trending with RSI divergence Good ROR setupNifty slowly drifting down is having occasionaly bear climax bars and moving down. Here, both bulls and bears not doing a great job. Bulls not have the force to pull nifty up and bears dont find excited to push it hard.
Trading in channel nifty is at the bottom of the channel and made a doji bar followed by a bear failure bar, continued by a bull body bar. so bulls and weak bears will book profit here pushing nifty to the higher trendline and good risk reward trade setup available.
SL 8055
Target 8150
CMP 8090
BIOCON still has gas left for new highsBIOCON a stock closing strong even with a choppy bearish nifty, formed postive divergence in Monthly charts showing still it has gas left for big moves.
Immediate targets on upside lies at 1028/1088/1165
Any dips towards 930/950 zone if done before target can be bought with 835 SL.
ROR not good to enter at current levels.