Has formed W PATTERN with BULLISH DIVERGENCE made 2 times V PATTERN CONCEPT SUPPORT AT 825-810 RESISTANCES NEAR 1000,1160,1275
Known the bears are coming back and the market in dilemma but Trident has a chance Look at the divergence, Hope its saves with its strength ! Let see how it works
AstraMicro is making a flat base pattern at Hourly timeframe, And the RSI is in Uptrend. Which indicates positive divergence. It can give a good upmove up to 319 SL should be at 301. Risk: Reward is 1:2.
In FX_IDC:USDINR here are the features we can see: There is a clear bullishness throughout the session. I would say Very Bullish. All candles are hollow and green in hourly charts. There is a bearish divergence in the #USDINR hour chart. Price highs are not sustained by RSI new highs - shown in the photo Most likely: the uptrend will pause as there is...
Overall Structure Looks Bullish SL 320 Target 510-520s Zone POC Zone 365s Price is moving in HH & HL Pattern on WeeklyTF The price is just above the 200day Moving Avg for the stock with divergence Stock is trading near the POC line Expecting a potential upside on the stock Lets deep dive into Daily analysis On Daily time frame Chart we are able to understand that...
I have received couple of questions and disagreement on the btcusdt divergence move that's about to happen. What's your take? Let's know in the comment section. Thank you!
Let's see if it works. Using pretty simple technical indicator here. RSI and Trendline. I know it looks ugly out there, confidence in the crypto market is also at all-time low. But still the indicators are signaling bullish. Let's see what happens. No guarantees here. All speculation. DON'T TAKE IT SERIOUSLY. I'M NOT A PROFESSIONAL TRADER. ALL FUN AND SPECULATIONS.
Gold is showing positive divergence on chart. so, it may bounce from here up to 1717-1727 level. It is also trading in downward parallel channel so correction also come from 1717-27 up to 1621,1560
Sgx nifty formed double top with negative divergence. Volumes are dry. Details mentioned in chart.
SBIN has completed A-B-C Correction and new impluse may start. There are divergences seen in RSI which indicated seller are losing strengths. There was also short covering in October futures which is also buy signal as people who were short in SBIN are booking there profits and buyer making new buying position. Traders are requested to do their own analysis...
This is an education post of understanding some possible reasons when a correction happens _____________ Few Reasons for Nifty's Bearish Outlook (Short term) 1. Negative RSI Divergence - Price goes up and RSI goes down 2. Break of Rising Wedge Pattern 3. Break of previous swing low (17160) 4. Previous peak rejection making the 18100 as a double top 5. MACD...
In NSE:APOLLOTYRE the stock was making Higher highs whereas RSI was making lower highs creating the divergence. The stock yesterday closed below the trendline and so did the Rsi. The target for the same will be the immediate support that is also the channel line of the stock. * It is my analysis and not a buy or sell recommendation.
B-Nifty raised with Negative Divergence if correction take place. it may be deep. Major resistance 40500-40800
NSE:INDIAMART The price has given a breakout from the channel pattern. The breakout is with good volume. The MACD is bullish and RSI is above 50 showing good momentum. The MACD and RSI also showing the divergence from he prices which implies that this correction is over and bottom has been made. The view is for 6 to 9 months. SL levels is around 4165.60 and the...
Clear Divergence in daily chart Do not think today's high will be broken in next 1 or 2 month Will short on good RR level . Will update idea when i will short
Nifty Daily creates a negative divergence on 13th Sept, where price attains a HH without RSI follows it (see the brown circles in price/RSI). Per common wisdom, negative divergence needs to correct below the previous swing low (29th Aug @ ~17200) to correct the divergence. Now how far? Well the next Fib support is at golden ratio ~17000. Just empirical -...
As IndusInd Bank Is at Top , volume and rsi Is Constantly dreasing .Time For Short After It Breaks Its Range Short At Range Breakdown.
Banknifty heading towards 41000 ?? Technically YES, as per the analysis it is forming W - Pattern and currently at resistance. We can see RSI Divergence indicates the Strong reversal in the trend which is a good opportunity for swing entry to go long keeping SL 38800 - Target we can expect another 1500 Points move that is 41000 will be tested soon.