Notes on the chart. Trade safe, stay healthy. Do hit the like button as a token of appreciation. Enjoy the weekend. Regards Bravetotrade
in daily, price bounced from the support zone, also hidden bullish divergence is seen here. sl - 52, tgt1 - 60, tgt2 - 70
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...
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...
The 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 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.
If 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...
In daily, price bounced from trend line support with good volume, regular bullish divergence formed here, also BB is expanding and candles are riding the upper BB also in weekly, good probability for round bottom formation sl - 845, tgt1 - 1100, tgt2 - 1180
Hidden bullish divergence appeared twice in IDBI
Rolta RSI +ve divergence at support level. Can be bought for 70-75 with SL-below cmp 53.7
There were two possible trades, Daily chart and hourly chart are showing two different game plans, yes Daily close is above the trendline but hourly close is below the trend line with a possible divergence. Eicher motor have taken support on trendline (on daily chart) and also Recent Low will act as support. If the previous low of 27021 taken down then can have a...
A weekly chart of MRF hasn't shown any considerable signs of weakness, but the daily broke the descending triangle's bottom @70976 with MACD in divergence with the price action. As marked stays above zero with weekly and monthly both the charts showing positiveness, the bearish movement might just be a correction so my target is going to be 667999. MRF
On the daily charts of Piramal Enterprise, Negative RSI Divergance has been formed... Looking towards price, it is standing on important support... RSI Negative Divergance is indicating that it may break that support, If it breaks that support we may see more down side.. Targets will be 2760/2700/2650/2600 SL will be 2800 If it dosent break that then...
Beautiful channel play with Kansai Nerolac. If it crosses 400 which is the first resistance, stock can fly. Notice the hidden bullish divergence with M40ACD. Buy above 400 with SL being Channel bottom.
Indicators ??? On InsiderB post ?! Oh yes & It's not by mistake, for the purpose of explaining few things to the community. The wide spread view on Indicators be it RSI, Macd, stochastic or any indicator is that they lag & always come behind price action, they fail, can't be used for counter in trending markets, n lot more. But, Does any of the strategy out there...
NSE: 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...
The 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