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Divergence

POLICY BAZAAR - #Longterm This is a purely Technical Call. Low Risk High Reward Insurance space in India is very premature. With the current gen understanding the importance of Insurance and financial assets, there would be a surge in this sector going forward and not to forget this gen is tech savvy. PB Fintech Ltd, is a multinational financial technology company, popularly known as Policy Bazar is India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products. Policy Bazaar – Launched in 2008 , is India’s largest digital insurance marketplace with a 93.4% market share based on the number of policies sold. Furthermore, in FY20, 65.3% of all digital insurance sales in India by volume was transacted through Policybazaar. 51 Insurer Partners have offered over 340 term, health, motor, home, and travel insurance products on Policybazaar’s platform. As of March 31, 2021, over 48 million Consumers have registered on Policybazaar’s platform and purchased over 19 Mn policies from its Insurer Partners. In Fiscal 21, the annual number of visits on the Policybazaar’s website was 126.5 Mn Paisa Bazaar – Launched in 2014 , has built 54 partnerships with large banks, NBFCs, and fintech lenders who offer a wide range of product offerings on the platform across personal credit categories, including personal loans, business loans, credit cards, home loans, and loans against property. It is India’s largest digital consumer credit marketplace with a 51.4% market share, based on disbursals in fiscal 2020. Approximately 21.5 Mn unique Consumers have accessed their credit score from Paisa Bazaar. During FY21, Paisa Bazaar enabled disbursals of Rs. 2916 Crs With the use of Artificial Intelligence, Machine Learning, and Deep Data science. the company has developed capabilities in marketing, product discovery, KYC, risk assessment, claim to process, facilitating the delivery of suitable products which enabled the company to gain a high Market share. The company also helps financial services industry insurers and lending partners create and design customized products for consumers by utilizing broad data insights and data analytics skills
NSE:POLICYBZRLong
by CannySunny
neutral to bearish toneVEDL is neutral at the moment with both bullish and bearish signs 1. a long term 600%+ rise - bull 2. 51 % correction from top - bear 3. classic bull divergence between rsi and price - bull 4. minor hidden bearish divergence between rsi and price 5. a down flag/pennant consolidation 6. RSI is in downtrend the price is moving with contracting bases challenging the resistance forming an ascending triangle but it got invalidated by a sharp fall, a sell on rise till the resistance taken out decisively.
NSE:VEDL
by PraffulAgarwal
1
What Is the RSI Indicator & RSI DivergenceRSI - Relative Strength Index Indicator: The Relative Strength Index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. It is important to note that the RSI does not indicate whether a stock is a buy or a sell; rather, it provides insight into the current trend of the stock. The RSI is a versatile indicator that can be used by traders of all levels and can be adapted for any style of trading. For example, a trader may use the RSI to identify support or resistance levels, or to spot divergences that can be used to predict future price movements. The RSI can also be used to locate potential trading opportunities by looking for overbought or oversold conditions. Furthermore, the RSI can be used in combination with other indicators, such as moving averages, to gain a better understanding of the market’s overall trend. Formula of RSI: The RSI is calculated using a formula that compares the magnitude of recent gains against recent losses over a specified period. The formula for the RSI is: RSI = 100 - (100 / (1 + (Average of Upward Price Movements / Average of Downward Price Movements))) What is periods in RSI: Periods in RSI (Relative Strength Index) are the number of time periods used to calculate the RSI. The most commonly used period for RSI is 14, but other periods such as 7, 9, and 25 are also used. This number represents the number of time periods that are used to calculate the RSI, so a period of 14 would mean the RSI is being calculated using the last 14 time periods. RSI divergence: RSI divergences are a type of technical analysis used to identify potential trend reversals in the markets. They are based on the Relative Strength Index (RSI) and are used to spot potential trend reversals before they occur. A divergence occurs when the price of an asset makes a higher high, but the RSI makes a lower high. This suggests that the current rally is losing momentum and may reverse course. Similarly, a lower low in the price and a higher low in the RSI may signal an impending rally. Divergences are best used in conjunction with other technical indicators and analysis to confirm price action. It is also important to keep in mind that divergences do not always lead to reversals and may simply signal a period of consolidation before the price continues its current trend. Divergence Cheat Sheet / Types of Divergence:
Education
by AfnanTAjuddin
1