A Bottom Triangle/wedge shows two converging trendlines as prices reach lower highs and higher lows. The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend. There is divergence seen Price vs RSI and Price Vs MACD . PLEASE NOTE THAT: This chart...
Piramal Enterprises Ltd - Analysis The stock is displaying a promising bullish candlestick pattern , signaling a potential halt to its recent downtrend and a possible upward turn in the short term. There is price and psi divergence seen on daily chart, which is positive indication. Moreover, the stock seems to present an appealing value investment...
Medplus Bullish Divergence seen on daily tf positional view will be for 900 from 813 above with risk reward ratio of 2.08 dc : only for educational purpose
NSE:RADICO - DAILY CHART ANALYSIS The price was heading down, making lower lows. Initially, the RSI indicator was following the price too. on daily chart its seen that the RSI starts making higher lows while the price is still heading down. That’s when divergence pattern appears. After a bullish divergence, the price will tend to change from a...
Bullish Divergence at Play for Asian Paints Stop loss of 3100s Target of 3350s Bullish Hidden Divergence Small Risk & Big Reward Set up
In above 30 min chart of banknifty we have given elliott wave count. Banknifty made high near 44499 and when it made high that time macd and rsi both shown negative diversgence which given a hint of coming correction in banknifty. This correction is started in form of wave ABC which seems completed near channel support of 43345 where macd and rsi both...
Divergence Trading is lucrative as the price movement following a divergence is with high momentum, hence rewarding with decent Risk:Reward. The common way is to add conventional RSI and check for divergence . However we often found that many of the vanilla RSI divergence signals are conveniently ignored by the following price action. Then the question is:...
AstraMicro is making a flat base pattern at Hourly timeframe, And the RSI is in Uptrend. Which indicates positive divergence. It can give a good upmove up to 319 SL should be at 301. Risk: Reward is 1:2.
A clear divergence is made on day candle. Use proper risk management and enter wisely. Happy trading! NOTE: ANALYSIS MAY WRONG.
NSE:DRREDDY Levels are on the chart. This is by no means a trade recommendation.
Levels are on the chart. Disclaimer: This is not a stock recommendation.
Levels are on the chart. Disclaimer: This is not a stock recommendation.
Levels are on the chart. Disclaimer: This is not a stock recommendation.
Levels are on the chart. Disclaimer: This is not a stock recommendation.
Clear visible divergence on the big time frame and also got into a pretty high point, most likely the stock will gonna get down very fast but not sure when will be the start of that fall, so keep an eye on it...
This call is based using trendline and channel breakout above 770 using fib extension targets. Have also taken support of divergence on RSI. Please trade with low exposure with Nifty above 11500
IT IS MAKING BEARISH DIVERGENCE WITH RSI. TARGET IS LOWER TRENDLINE 1306 STOP LOSS WILL BE EXPONENTIAL MOVING AVERAGE 200 THAT IS 1421 GOODLUCK NOTE: THIS IS NOT AN ADVICE IT IS FOR EDUCATION ONLY :)
AUDUSD has rebounded from the falling wedge pattern in which it has been moving from past one year. The bounce was supported by the positive divergence between the price and RSI indicated by blue lines. The upwards thrust can bring the prices to 0.68676. The stop loss for the entire trade will be at 0.66582.