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M-oscillator

Bullish RSI Divergence -A case study and future recommendationRSI Divergence refers to the deviation of RSI with respect to price. Even though the price may be going in a set direction (say making lower lows), the RSI could go in a completely different direction (higher lows). RSI is a clearcut indicator of buyer strength or buyer accumulation at a specific given time and price. An RSI Divergence generally is strongly related to change in trend. RSI Divergence can be of 2 types: Bullish and Bearish. Here I shall discuss about Bullish RSI Divergence. In case of Bullish RSI Divergence, the price makes a lower low (in a downtrend) while the RSI makes higher lows (a sort of W formation). This shows that even though the price is dropping, the buyer strength and accumulation is increasing. Please refer the image above for visual example. How to trade? In case of bullish divergence, one should go long with a SL below the low of the present price. In the present case, one can go long in Amaraja with a SL of 660 and for a target of 800-850
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by tksthathachari
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GMMPFAUDLER -- LONG BuildupGMMPFAUDLER -- LONG Buildup --------------------------------------- -- Price is very near the Triangle Apex and breakout/ breakdown levels (and a potential inverted H/S pattern). -- Buy zones mentioned in white boxes. -- Resistance zones in Red boxes. -- Add only if price sustains above FIB 61.8 in 4HR+ timeframe. -- Bearish below Green trendline. Caution : ------------ Smallcap stock trading at higher valuation... Share may plummet if the upcoming results are bad. Prefer allocating <5% of your capital. And consult your financial advisor to know more about the risks associated with buying / selling shares.
NSE:GMMPFAUDLRLong
by rkvsenthil