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M-oscillator

ICICI Bank Divergence: Reversal or just a halt?Higher TFs have alreadyy thrown a nice breakout to the ATH. Monthly RSI is overbought now. Looking at the price action, I don't see a big reversal of any sorts. There is a nice 3 Bar Negative Classical Divergence (NCD) in the Daily. Also, it being at the ATHs and overbought levels make it more strong. The last candle was an upside rejection candle, again showing exhaution in momentum. In the 75 min again, we see a nice wide NCD. Once the TL is broken and price makes a LL, one can look to enter short Intraday provided an opportunity arrives in the 15 min TF for a quick and small move.
NSE:ICICIBANKShort
by afzal_57
SBIN Weekly chart show strength & Breakout from imp ResistanceHi Traders, SBIN Weekly chart show strength & Breakout from imp Resistance (see chart) & Indicator also showing strength as well. Bullish view due to below point: 1) SBIN Breakout from weekly resistance. 2) SBIN have make big green candle with good volume. What Indicator are saying: 1) RSI show earlier Break out mean more strength. Bull will more control stock now. (See chart) 2) MACD Histogram negative bar start decreasing in size mean strength . (See chart) Sept quarterly result was also good , will give boost to stock price in coming days. Happy Learning ); Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
NSE:SBINLong
by karanwealthape
TCS form Bearish Engulfing pattern at Imp Resistance LevelHi Traders, TCS form Bearish Engulfing pattern at imp Resistance Level (see chart) & Indicator also turn negative as well. Bearish view due to below point: 1) TCS faced Resistance at Higher level 2260-2290. Got 4 times reverse from there. 2) TCS will major support at 2030 -2050 price range for good risk reward trade. 3) Big Bearish Engulfing candle form at daily chart . 4) Bearish Engulfing candle form with high volume more than 20 day average. See chart for more detail What Indicator are saying: 1) RSI Earlier Break down mean more weakness . Bear will more control stock now. (See chart) 2) MACD Histogram bar start decreasing in size mean weakness. (See chart) Happy Learning ); Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
NSE:TCSShort
by karanwealthape