Recently observed divergence in price and RSI value of 15mins chart. plus it seems like a possible M pattern breakout if the price closes below 162. All targets are mentioned on the chart. Do your own analysis before making financial decision. NSE:IEX
LT is at its trendline resistance and forming divergence also gave 2 bearish hammer candles so you can take a short entry as per your risk appetite. pls do follow me if u like my analysis.
Disclaimer: Pl take trades based on your own risk appetite. And always enter your SL first. A long trade can be initiated, as follows. ___________________________________ Entry above 270.85 SL 262 Targets of 285.3 RR 1:1.6
There is a bearish Divergence but that could just be the opportunity to accumulate this gem. This script is all ready to fly.
Polycab india now given a negative breakout with rsi negative divergence too looking for short or buy on support
There's a clear indication of bearish divergence in this script as we can see here Price is making Higher Highs and the RSI is making lower Highs. Also, there's a retracement pending after the 10-year breakout of the price from 2008-2010 Highs. We can see 160 levels in the coming months for this script. This analysis is purely for educational purposes!!! Please do...
Crude is currently in a good uptrend without any major correction. This seems to be a bit unrealistic as there are not major base formations. It is forming a negative divergence with RSI moving down and the price is moving up . 9200 is the breakdown level. Once that level is broken , we can see 8800 9500 - Sell on Rise Levels
HEG is ready for uptrend. Factors like outstanding result, Rs. 40/- dividend along with positive divergence shown in the weekly chart.
+ve Divergence in Infosys chart as you can see Higher low in RSI but Price is still at same level
self explanatory.bullish divergence seen on chart. trend reversal can be seen.
SRF is in uptrend with price breaking out previous swing high with positive RS but it is done with a divergence on RSI so 2621 level on closing basis is now crucial to validate this breakout, if sustained long trade can be initiated else could correct upto 10 %.
JUBLINGREA - Swing Trade Hidden RSI divergence Good Volumes Trendline breakout Looking good for upside ;)
Multiple confluence found which indicates break in nifty rally and possible reversal. 1. 90% fib retracement level found at 17600 in 4th wave which can act as major resistance from 10feb swing high. 2. 17600 is the level conferencing with divergence trend line which is a psychological round number. 3. Divergence is found on 15 min timeframe. look at RSI even...
Nifty cmp 17200 View : BEARISH 1) Uptrend channel breakdown 2) Rising wedge breakdown 3) -ve divergence - Price & RSI
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