As seen in the chart, there is RSI divergence - price made a new lower low, but RSI made a higher low. Additionally price is near 2014 support levels.
NSE:DIVISLAB This stock is very volatile and has had a couple of wild runs ... (so one needs to be careful.) The stock has also completely recovered from its February lows and made a higher high. However, I can see a divergence here with an evening star pattern at the top. Good shorting opportunity here with Stop loss of a few points above the recent highs...
IndusInd bank NSE:INDUSINDBK has been struggling at 1900 levels for past few days and looks like Bulls seem to be exhausted, unable to get it past this crucial resistance. With Nifty Private Bank Index also closing at a crucial level today, a big movement from here seems inevitable. I can see a Negative Divergence on Daily chart with price consolidating near...
SRF Ltd. NSE:SRF has formed a clear Double top with Negative Divergence. To me looks like it is slowly moving towards ~ 2000 levels guys. 2300 can be a good resistance on the upside. However one needs to watch out for result on May 17. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your...
Jubilant Foodworks NSE:JUBLFOOD has had a massive rally since June last year and came up with a strong set of numbers 2 days ago. However, it is still going down which is a sign that the stock has run up too far and now Investors have started booking profits. With a Negative Divergence and a Bearish Engulfing candle at the top, the stock presents a nice...
This stock has been in a major uptrend since December last year. After a long stretch of upmove, time seems to be ripe for Investors to start booking profits in this stock. I can see an indication of profit booking commencing from the Negative Divergence and large Bearish Candle that it formed today. Went short here with a stop loss above 169 for a target...
TCS RSI Divergence on weekly chart. for target 3200. for Gap Fill
Above 248 Will touch 252 SL 244 Positive Divergence observed
NSE:ENGINERSIN is showing a bullish pattern. Go long with a target of 168(t1), 176(t2) & 206(t3). A stoploss of 158 is recommended!
A classic Double Top pattern has been formed on NSE:ESCORTS . A double top pattern is often formed on a previously bullish stock that is now currently showing a reversal to a bearish direction. This is a medium term positional call that is valid for 45-50 days. Interestingly, a stochastic bearish divergence (Triple) is also formed confirming an immediate fall in...
Stochastic divergence & crossover alongwith MACD bearish crossover observed in NSE:APOLLOTYRE . Short it at opening price (259-261), for a target of 254(t1), 250(t2) & 246(t3). A stop loss of 262 is highly recommended.
NSE:NCC should continue with bearish phase next week. Bearish Stochastic divergence along with MACD bearish crossover are strong signals to take a short position on Monday. Sell at opening price (may open on higher side) or wait for price of 124-126 for better sale price entry. Target is of 116.5(T1) and 101.5(T2).
A bearish stochastic divergence noticed in NSE:HDFC along with bearish crossover. This indicates a temporary bearish phase. Short at opening price (above 1800) for a target of 1780(t1), 1768(t2), 1755(t3). A stop loss of 1822 is recommended.
In a very similar to Nifty (I shared an idea on it just 4 hours back), there's an observation of Stochastic Triple Divergence in NSE:DRREDDY indicating a bear trend. A short position is recommended with a target of 2004(t1) & 1904(t2). A stoploss of 2100 is highly recommended. Selling range should be (2040-2070).
Its a cliche but falling in NSE:NIFTY is inevitable. Bearish divergence in Nifty is clearly seen that indicates a short term but a very steep fall in next week. Year end closing will be bad hurting Returns on Investment of lot of mutual funds. Short in opening trade on monday above 9980 (or upto 9965) with a target of 9933 (t1), 9686 (t2), 9548 (t3). A stop...
The pattern has formed the pattern and trading above the confirmation line. Interestingly PSU_Banking stocks are doing well recently. RSI has also shown divergence in oversold zone and is above 50 now so one can conclude that downtrend has arrested now at least for time being. One can take advantage of the setup for trading/investing. Disclaimer : All stock...
On Daily Chart, Nifty 50 showing divergence with RSI. Will we see another rally from here?