REDINGTON INDIAA Tale of 2 Parallel Channels
Awaiting the breakout at the intersection.
Divergence Spotted.
Divergence
Bearish Divergence on FLUOROCHEMpull back is expected on this counter. bearish divergence spotted on daily chart.
Intraday set up 1 - Hindustan UNi EMAs + S/R + Divergence 30 MINS 100 EMA @ 2680
1hr 50 EMA @ 2680
Resistance level at 2680-2670
SELL IF THE ZONE IS RESPECTED WITH SELLING DIVERGENCE CANDLE.
If 2625 is broken with volume, we will see more downside.
The Indicator Used:
1) Support/Resistance Levels are marked on the charts
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Bearish divergence in TCSTCS daily and hourly charts are showing bearish divergence. Downside on the cards.
IDEA getting ready for next moveAfter consolidating for a few days, looks like it's ready to move again.
Ascending triangle pattern is forming and RSI Bullish divergence is also seen.
It can take the price to the previous swing high of 13.4-13.6
ascending triangle and hidden positive divergence in auto indexNifty auto weekly chart
observation
1. chart is forming continuation pattern , called ascending triangle.
2. hidden positive divergence in price and RSI.
3. MACD is near to crossover.
waiting for breakout in auto index for long short term entry.
DJI, Bullish reversal signalsOn Oct1, $DJI made a bullish candle on good volume right on the lower median line(support line) of pitchfork. Also a number of indicators are showing bullish divergence. All this points to a bullish reversal.
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
How to trade using RSI Divergence?To identify any divergence, first of all look at the current structure that the price is forming like the above case, Bharti Airtel is forming lower lows clearly and when we look at RSI it is forming up Higher lows.
Therefore RSI contradicts the price and this tells us that RSI doesn't support what the price is doing so it's a bullish RSI Divergence. RSI here is not in line with the price so we will be adhering to what the RSI is doing.
For taking entry, we would wait for the price to break first lower low that indicates that price is now ready to bounce back and we will enter by keeping previous low as Stop Loss.
This is an example of Bullish RSI divergence.
Now for spotting Bearish RSI divergence the price must be forming higher highs whereas the RSI will be forming Lower highs which is an early signal that price is going against the RSI and hence we will short here.
That's how RSI divergence works, hope I made it simple!
Happy Trading!
Angel Broking Bullish Biasness Target 1480Target of 1480s Level
Stop Loss of 1000s
Decent buy volume
Pullbacks backed by shallow volumes
Divergence
Bullish Bias
ALKEM rsi divergence NSE:ALKEM
sweet and simple setup with rsi bearish divergence ...
short with SL- 4031.20
target 1- 3800
target 2- 3697
nifty 50 viewis it valid divergence or not..? plz explain if any body have proper knowledge about it
nifty 50 view Big divergence in 4hr chart in Nifty , short nifty if it break 17815 level it can go upto 17400
AFFLE - It is time for me to move !
On the Weekly time frame, AFFLE has corrected to its last level of retracement, is taking support from its long trend line and now has a Hidden Divergence in place for it to move upwards.
On the 1 Hour chart as well, it is breaking out of its trend line with an Inverted Head and Shoulder pattern along with a Hidden Divergence.
This week should mark the return of AFFLE INDIA.
Divergence on KotakBank , A personal learning.
Hello, Kotak bank shows a divergence (RSI) on 15 minute chart, However instead of exiting our long position we can hold the stock till it breaks down the trendline.
A recent example, that I personally encountered :
On 20th August - 24th August we could see a divergence on the Hourly chart of Hindustan Unilever, snapshot of which can be seen in the comments after moderation. So, instead of exiting our position on observing a divergence on RSI - we could eliminate a false signal by holding till the rally respects the trendline. In this case, a 7% additional rally.
Do let me know your thoughts,
Thank you.
CADILAHC BUY AND HOLDCADILAHC HEALTHCARE SEEMS VERY BULLISH FROM HERE.
1) Near multi-year support of June 2017.
2) Good risk-reward ratio.
3) Support Re-testing.
4) BUY from current levels with Sl 550 on a closing basis.
5) Positional view for the first target of 600 if crossing above this levels........ hold for 660/700 levels.
6) RSI divergence on the daily chart.
7) CUP pattern breakout.
8) KEEP WATCHING volume needs to confirm the trend too for good move.
CAN BE TRADABLE IN EQUITY OR FUTURES.
SHARE YOUR THOUGHTS ON CHARTS.
Mentorship InstaView 02 Sept’21: What Slow Down?
Nifty View: The benchmark Nifty index seems to be in no mood to consolidate or slowdown. A gain of over 150 points in today’s session takes the index to a new life high and close at 17,247. Early signs of price-momentum divergences have stated to shape up in the intraday charts which can lead to a consolidation, but considering the underlying momentum and resilience it seems that those consolidation will only lead to further rally. It’s prudent to maintain a bullish bias and look for buying opportunities rather than attempting to short this market. Please watch the video for a more detailed analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Shorting Nifty Target - 15550 in a few weeks.NSE:NIFTY
Nifty showing weakness at current levels with a formation of a bearish divergence on 1H time frame.
#WOCKPHARMA: Positive Divergence Strategy for Swing TradingAs per the chart, there's a clear positive divergence on the hourly time frame.
On the daily time frame, the prices are at a crucial support zone with a bullish harami candlestick pattern hinting at a bullish reversal.
Prices have also breached the trend line confirming the entry signal on the hourly chart.
You can consider adding a fresh long position here with a SL of 393.5, and a first target at 428.5 level.
Nifty on 1hr A clear bearish divergence spotted on 1hr time frame. Combination of price action and RSI. Target till the support.
Mentorship InstaView 25 Aug’21: Spins off the New Life High Nifty View: With today's flattish move the benchmark Nifty has created somewhat like a “Spinning Top” on the daily time frame. This suggests uncertainty and incapability to hold onto the new life high. This failure was mainly due the underperformance that we noticed within the banking and auto stocks. We can also observe a price-momentum divergence on the daily time frame which can lead to some consolidation/ correction in days ahead. So it is advisable to maintain a bullish bias but with a bit of caution.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
