nifty 50 view Big divergence in 4hr chart in Nifty , short nifty if it break 17815 level it can go upto 17400
Divergence
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.
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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.
Cholafin - RSI DivergenceGood Stock with good fundamental
add above 515
SL 490 on closing basis
tgt 540 560 580++
RSi divergence in daily chart and Taking good 200EMA support
Intraday pick for 20th August 2021Tata motors on a 15 min timeframe is forming a descending triangle. It might breakout of the consolidation as there is volume support as well. Nifty Auto looks good to support this. There is a positive RSI divergence in the same timeframe at that exact price point. This also supports this analysis.
SBIN Shorting Opportunity On the 4H chart, you can clearly see the Divergence.
Target Range>> 370-360
Buy BritanniaBuy Britania Stoploss 3300 Target above 3700
Hidden Bullish Divergence spotted on RSI...
POWER MECH PROJECT - Flag (#CC)Flag Pattern - Awaiting breakout
Divergence spotted
MACD about to cross over
Riding the trend
Mentorship InstaView 17 Aug’21: Googly
Nifty View: Seventh consecutive positive daily close from the benchmark Nifty with today’s 40 points up move. Yesterday's “Shooting Star” pattern in the intra-day charts played out at the first half of today’s trade followed by a high-momentum bounce back and we are now back to yet another new life-high. Now, it's these kinds of days that start to create price-momentum divergences. Because price corrects relatively slower compared to the following rally. However these divergences do not necessarily lead to reversals, they are signs of exhaustion which only the price behaviour confirms. At the current juncture, today’s low of 16,483, plays the role of short term supports, which essentially means that the index has to break and stay below 16,500 for any significant follow-through weakness. Till then, maintain a bullish bias and look for long trades only.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
NMDC DIVERGENCE LOOKING CLEAR ON CHARTS WEEKLYnmdc weekly chart flag or divergence create .wait and watch no trade.
JM Financial Bullish BiasWeekly TF looks like its retesting the breakout levels
taking support at 21 Day EMA
Retesting happening at lower volume levels
Offering great entry set up for swing long position
On Daily TF the stock has some great volume build up and looks like its poised for an upmove from here
And erstwhile resistance zone is acting as Support zone for the stock
Pullbacks has happened at a very lower volumes
We are also able to see Divergence on the Daily TF where Price is moving Higher High whereas RSI is making a lower low
With all the confluence we observe that the stock is bullish in nature and giving a great entry set up with a Stop loss of 87/86s levels we should aim for Swing Target 1of 120s levels
Mentorship InstaView 05 Aug’21: Time to Slow Down
Nifty View: Optimism continues as the benchmark Nifty extends the recent breakout with another positive session in today’s trade. So far this week, the index has gained over 520 points or 3.3%. And not only has it broken out to a new life-high, but it has also managed to do that with ease and held well without slipping down. Now at today’s close, a look at the intra-day charts do suggest some price-momentum divergence. Do not misunderstand these divergences as a sign of trend reversal. These reversals can also lead to price consolidation. Short term level to watch for is the range of (16,150-16,200), wherein we have a rising gap. Expect the underlying trend and momentum to continue and so short term traders should look to buy on dips.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Negative Divergence on INDUSINDBKNSE:INDUSINDBK
INDUSINDBK remains on an oversold zone on daily time frames and is starting to show some buying pressure.
There is a clear negative divergence on an hourly time frame thus indicating a bullish bias.
