Pidilite Cmp 2351 dated 6-3-2023 Rectangle BOPidilite Cmp 2351 dated 6-3-2023
1. Rectangle Consolidation
2. BO above 2355
Buy above 2355 for target 2380-2425-2440-2460 SL 2300
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
M-oscillator
Divergence: A Retrospective 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: Does RSI divergence fakes out? OR with the confluence of something other stuff we can more accurately identify these sorts of divergence and hop into it happily with lucrative Risk:Reward.
Potentially the Volume Profile (more specifically: The Fixed Range Volume Profile) identified high liquidity zones (classical term: Point of Control , PoC ) are the area where one should look out for a potential RSI divergence.
We have picked up the FX_IDC:USDINR last 5 months Daily chart and followed this analysis tecnique:
Analysis Methodology:
Use Daily (or something like hourly/4-hour etc.) normal candlestick.
Identify the swings in the chart (high, lows).
For each swing, apply Fixed Range Volume Profile free TradingView indicator (available under Technicals > Profile, 2nd from top)
The PoC (Point of control) is visible in the chart. You may mark it in the chart with a horizontal line (or a rectangle). That's the liquid-most zone .
If you see some other areas other than PoC area (technically called Value Area ) are showing decent liquidity (comparable to PoC, say within 60% of PoC), then mark that area also with a horizontal line.
Add a RSI. Cleanout everything other than just the RSI line chart.
Change the main price chart from normal candle to line chart.
Once you see the price is in the high liquidity zone, check the price and the RSI together. See if there is a divergence.
Positive/Bullish Divergence : Price is making a lower-low, but corresponding RSI levels are not making lower-low (either same or making higher low).
Negative/Bearis Divergence : Price is making higher-high, but corresponding RSI levels are not making higher-high (either same or making lower high).
Hidden Divergence : No need to consider too much. Spotting a normal RSI divergence is good enough.
That's it. Once you find out the divergence, take a Positional Trade in the opposite direction of trend. (means +ve divergence Long / -ve divergence Short). Hold it with the SL of the Highest Point of the high liquidity zone (which you have marked earlier) and ride the reversal movement with trailing the stop loss.
In last 5 months USDINR, we can see it happened at least thrice. So it's powerful. Lesser number of quality trades.
Century Textiles Cmp 624 dated 3-3-2023 Inside Candle & RSI BOCentury Textiles Cmp 624 dated 3-3-2023
1. Thusrday made inside candle.
2. Friday closed above the inside candle.
3. RSI BO
Buy above 630 for target 645-660-685 SL 605
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Havells Cmp 1181 dated 24-2-2023 Triangle & RSI breakdownHavells Cmp 1181 dated 24-2-2023
1. Triangle Pattern break down below 1198
2. RSI breakdown
Sell @ Cmp for target 1170-1160-1150-1140 SL 1200
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
"NATIONALUM" crossing crucial Fibonacci levels.NSE:NATIONALUM has been above 0.50 Fibonacci levels and MACD and STOC RSI also are in the positive note.
TARGET 1 : 84.25
TARGET 2: 86.75
STOP LOSS : 78.55
Disclaimer: The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.
High momentum trade :Marksans PharmaMarksans pharma has taken support of rsi 60 twice on a weekly TF. On daily TF it has regain rsi 60 level.
And on monthly TF it just has crossed 60.volume is also increasing in few last trading sessions .so as per my analysis it's having more potential to reach the mentioned target🎯. Keep watching.
Disclaimer: this is for educational purpose only.
SRF Ltd Cmp 2114 dated 23-1-2023 Bottom OUTSRF Ltd Cmp 2114 dated 23-1-2023
Bottom OUT
1. Reversal sign from support.
2. RSI Divergence
3. Good risk reward ratio.
4. Scrip has corrected 25 % from top.
Buy above 2120 for target 2150-2225-2285-2340 SL 2050
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
PEL Cmp 860 dated 31-1-2023 Triangle BOPEL Cmp 860 dated 31-1-2023
1. Triangle BO done @ 855
2. Chart making higher lows.
3. RSI BO
Buy @ Cmp for target 880-900-925 SL 820
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Hindalco Cmp 445 dated 9-2-2023 Triple Bottom @ SupportHindalco Cmp 445 dated 9-2-2023
1. Triple Bottom made @ support line.
2. RSI Reversal
3. Reversed from Support Line.
Buy @ Cmp for target 455-468-482-495-500 SL 425
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Gujrat Gas Cmp 480 dated 8-2-2023Gujrat Gas Cmp 480 dated 8-2-2023
1. Trendline BO above 483
2. RSI Bo
3. Flag Pattern
Buy above 483 for target 495-515-525-535 SL 465
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Bajaj Finance Cmp 6014 dated 3-2-2023 Trend ReversalBajaj Finance Cmp 6014 dated 3-2-2023
1. Trend Reversal seen on chart after the
correction of almost 25 %.
2. RSI BO
Buy above 6030 for target 6130-6205-6335-6490 SL 5850
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
ABB Cmp 2832 dated 2-2-2023ABB Cmp 2832 dated 2-2-2023
1. Triangle formation
2.RSI Divergence
Buy @ Cmp for target 2865-2900-2950-3000-3050
SL 2750
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Deepak Nitrate Cmp 1880 dated 31-1-2023 Deepak Nitrate Cmp 1880 dated 31-1-2023
1. Reversal from support.
2. RSI BO
Buy above 1890 for target 1935-1965-2000
SL 1835
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Axita cottonWeekly RSI is above 60.on daily chart it is taking support on 60 with good volume.
It is showing some kind of strength and momentum. We can go long with strict stoploss because of current situation in market.
Be careful with your positions.
This analysis is made for educational purpose only.
Bajaj Auto 3717 dated 25-1-2023 Triangle BOBajaj Auto 3717 dated 25-1-2023
1. Triangle Bo done @ 3705
2. RSI BO
3. Quarter result came excellent.
Buy @ CMP for target 3770-3815-3885 SL 3650
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Trent Cmp 1203 dated 24-1-2023 Hammer CandleTrent Cmp 1203 dated 24-1-2023 Live mkt 2.35
1. Hammer Candle @ bottom
2. Candle is made after a correction of more than 20 %
3. RSI Divergence
Buy @ CMP for target 1235-1255-1290-1310-
1350 SL 1150
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Bank Nifty Cmp 42507 dated 20-1-2023Bank Nifty Cmp 42507 dated 20-1-2023
Positional :
1. Rectangle formation BO @ 42710
2. RSI Divergence.
Buy above 42710 for target 42910-43150-43305-
43580-44150 SL 41700
Sell Below 41800 for target 41520-41250-
41100-40850 SL 42500
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Trent Ltd Cmp 1223 dated 18-1-2023 Hammer Candle Trent Cmp 1223 dated 18-1-2023
1. Hammer Candle @ bottom
2. Candle is made after a correction of 20 %
3. RSI Divergence
Buy @ Cmp for target 1250-1285-1310-1360
SL 1180
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Maruti Cmp 8479 dated 17-1-2023 Triangle BOMaruti Cmp 8479 dated 17-1-2023
1. Triangle Pattern, BO above 8500.
2. RSI on verge of BO
3. Chart making higher lows.
Buy above 8500 for target 8575-8625-8695-8750
8850-9000 Sl 8350
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Varun Berverages Cmp 1207 dated 16-1-2023 Bullish Piercing Varun Berverages Cmp 1207 dated 16-1-2023
1. Bullish Piercing Candle @ support.
2. RSI Divergence
Buy above 1215 for target 1230-1270-1295-1330
SL 1140
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.