On 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...
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...
Target of 1480s Level Stop Loss of 1000s Decent buy volume Pullbacks backed by shallow volumes Divergence Bullish Bias
NSE:ALKEM sweet and simple setup with rsi bearish divergence ... short with SL- 4031.20 target 1- 3800 target 2- 3697
is it valid divergence or not..? plz explain if any body have proper knowledge about it
Big divergence in 4hr chart in Nifty , short nifty if it break 17815 level it can go upto 17400
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...
I see a divergence.. do you? what are your thoughts on this?
CADILAHC 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...
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...
NSE:NIFTY Nifty showing weakness at current levels with a formation of a bearish divergence on 1H time frame.
As 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...
A clear bearish divergence spotted on 1hr time frame. Combination of price action and RSI. Target till the support.
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...
Good 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
Tata 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.
On the 4H chart, you can clearly see the Divergence. Target Range>> 370-360