Federal bank has taken support from the trend line shown and is sitting almost on it now.
The stock is showing a hint of bearish divergence which has been confirmed with the 2 downward movements on Thursday and Friday. It could very well have served the function of consolidation for large volume buying happening during the uptrend.
52 is a key level to watch for...
Monthly retracement done, Weekly rejecting at the EMA. Daily has a bearish divergence at the top of the channel and yesterday was an engulfing bear. Prices opened with a gap down, testing it now and poised to fall further!
This is positional trading and not intra day trading!
-> RSI Divergence (Red line): 11 MAY to 8 June 2020
-> Price & volume : Price is increasing & volume is decreasing : Bearish
-> Fiboonaci extension used to find short term upside movement which can be a point of reversal.
RIL has tested 1600 level for the third time, hence there can be a + Breakout. ( Extension levels,...
Read the earlier published article on Auropharma. The targets on the downside are marked in the chart. Will update this chart once all filters of a short entry condition is satisfied.
The first version of this analysis appeared in the educational blog of Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University)...
SBI has fallen more than 50% three times in the last 10 years.
In order to find a rationale to invest, we have analyzed SBI in different time frames.
1. Demand Zone -
A demand Zone is an area where buyers dominate over sellers, there is massive buying pressure in this zone.
SBI is currently in demand zone which is around 160 to 150 levels. This...
WE CAN SEE A POSITIVE DIVERGENCE ON BAJFINANCE ON DAILY TIME FRAME WE SHOULD KEEP AN EYE FOR REVERSAL FOR TREND LINE I HAVE MADE A POST ON MAY 9 YOU CAN CHECK THAT
TELL ME STOCKS THAT I SHOULD ANALYSE AND PLEASE TELL ME IF YOU FIND ANY MISTAKE
I think price should go down, but in short term there might be some increase in price.
In hourly chart price have divergence.
In weekly chart price in range, making several tops but not be able to break them.
P.S. Please like if you find any of these information helpful.
I think there is divergence, and stock could take support of 800 . Option Chain, though not like NSE:SBIN OI, indicates that price should go down.
Please comment, if you think my analysis has some mistakes. Any help would be appreciated.