Stock 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.
In 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... Please Like , Follow and Comment your views below...
There is a clear positive divergence on the charts on both RSI and MACD and the psychological set up on USDINR too supports a corrective rebound . Swing Break confirmation needed which should come around 64.40/-
Stock has broken out with huge volumes following spectacular result. A flag has been created. Let's wait and watch any upward move. A hidden bullish divergence has also been formed.
MACD and RSI going down. Prices have seem to take a hit at 92.50. Short with Target of 87.50
BEL showing MACD divergence, may be a good shorting time. This is also coinciding with the trend line.
In 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.. Please...
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.......
The stock has given classical double bottom breakout that too with divergence. The simple pattern offers a long trade in stock by providing suitable stop loss. Prices can easily climb to 5300 in coming days.
Bullish Wolfe Wave, Positive Divergence of RSI and Price equality in 4-5 move.
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.
The stock is showing continuous divergence in hourly chart and yesterday Price bar was a key reversal bar so one can short the stock for a target of 460 - 455 and evaluate the trade at that level to continue with trailing stop loss or to take profit.
* Bearish AB=CD * Probably false breakout * Divergence on Stochastic > Test of ~4750 on cards > View negates above 5K
Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!
Nifty daily chart showing divergence. go long
RSI and MACD divergence is visible on Nifty daily chart Does it mean there is trend reversal ? Any other technical indicator supporting this?
There is a possibility to trade Broadening top pattern. RSI is forming divergence also confirming weakness in the stock. Shorting now with Stop Loss just above the high made recently.