M-oscillator
Bata IndiaDivergence on RSI.. Bulls losing momentum looking at the candles short on proper short candle formation..
Usdinr fresh break down or recovery? As rsi is out side bands... Likely to get into bands... So can expect upside till 71.5.. On the other side currency war clam down may take it 70 levels..
Disclaimer : I am not certified analyst
Voltas to observePrice action to observe
Long with SL below 617
Squareoff 640, 650, 660
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Early entry could have been near 605 ?
HDFC Bank form Bullish W or Double Bottom PatternHi Traders,
HDFC Bank Forming Bullish W or Double Bottom Pattern can go Long on every dip.
Bullish View on stock due to below point:
1) Stock forming Bullish W Pattern .
2) Stock was taken support at 2150-2160 zone & bounce with Good volume [ Avg volume greater than 20 day ].
3) Bounce happen from support was Big Green Candle
4) Stock Moved above 200 sma (Golden Crossover) mean stock is in bullish zone.
What indicator are suggesting:
1) RSI moved above 50 & Advance breakout from previous high which mean bullish in near term.(See the chart)
2) On Balance Volume has given Advance Breakout .(See the chart)
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
DMart form Bearish RSI Divergences on Daily ChartHi Trader,
Dmart form Bearish RSI Divergences on Daily Chart.
Bearish View on stock till 200 sma :
1) D'Mart has faced resistance at zone of 1510 -1530 & downtrend started
2) Dmart form Bearish RSI Divergences on Daily Chart - RSI making low high & price making higher high.. See the chart for visual details
3) RSI taken support at 50 level many times , if rsi breaches this level it will freefall as bear fully control stock.
4) More Bearish if price breaches uptrend channel & 200 sma.
Target : 1425 (200 dma)
Strict Stoploss: Above Swing high of 1510 -1530 (Resistance zone)
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Simple Volume and RSI Analysis The price is clear in downtrend and forming lower lows. Volumes are increased at the bottom and RSI is trading above the Oversold mark. Those who want to prefer an entry at the lower level could try a long here with the recent low as Stop Loss. One can look for a 10-12% retracement move from here.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Inverse Head & Shoulder Reversal TradeThe stock has nicely formed Inverse Head & Shoulder Reversal pattern and trading above Neckline. This simple classical pattern does not require any explanation to trade. I have found and posting here to trade and make profit from it.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
TCS faced Resistance at Higher level & Indicator turn negative Hi Trader,
TCS faced Resistance at Higher 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 3 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 gone below 50 level . Bear will more control stock now.
2) Force Index oscillator gone below zero level mean bearish trend.
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Asian paints bearish ideaAs of now EMA50 looks to be holding price
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short close below 1570
SL above 1582
Squareoff 1560, 1545, trail.
BajFinance Preparing to Move outside Down Trend channelHi Swing /Long Trader,
BajFinance looking good for Long above breakout from Down trend channel for Target of Rs 3745.
BajFinance Preparing to Move outside Down Trend channel .
RSI & MACD indicate Bullish momentum as per chart.
Stock is consolidating near 200 SMA for past few days.
At Rs 2885 Stock is at important support of combination of 200 DMA & Support line.Below this support breakdown will be free fall.
Apollotyre Bullish above 159RSI Bullish Divergence along with Double Bottom can be seen in Apollotyre. Neckline is around 159 above which stock can be bullish
Dabur Good Candidate for Swing/Long Trade with Flag Pattern FormHi Swing/Long Trader,
Dabur Good Candidate for Swing/Long Trade with strong Point or observation in chart as follows
Flag Pattern Formation.
Consolidation for 2 week above 200 DMA .
200 DMA act as strong support.
RSI bounce back from 60 Level mean Bullish momentum to continue.
CCI Indicator moved above zero mark & making higher high mean Bullish Momentum to continue.
Price moved Up with Good Volume above 20 day average was seen
Refer for chart for more detail.
Target can be 470 + in coming week with strict stop loss of below 200 DMA
HCLTECH looks BullishHCLTECH is at its strong support and is exhibiting RSI Bullish Divergence. 1000 PE has highest OI. If it can close above nearest resistance like 20 SMA or Trendline resistance, further bullishness can be seen
Nifty Reaching at major supportNifty is reaching its major support. From this support it can bounce and can become bullish. Below this support there can be huge sell off. So, go long once it closes with green candle on Daily basis in few days with good stop loss.
key support level plus a result day.@ key support level plus a result day. if support is broken than bears will attack. the counter part RSI is an oversold area. Breakout in any direction will be a nice rally in upcoming days.
Reliance Buyers can Enter Soon Reliance Buy At CMP 1250-1255 Stoploss is 1190 Target is 1337-1420
Reasons For Trade- 1. Reliance is Near to importnant trendline support as well as Horizontal Support 2. 200 Days EMA support is Near to 1200 on daily chart 3. Risk Reward is 1:5
Tata steel short tradePossible short trade
'if' price comes near 492
SL 498
Squaareoff 480
Paper trade. Only for observation.
How to identify Hidden divergence with the help of RSIThis example is bets suited for RSI hidden divergence.
We all know double bottom or double top RSi divergence to identify trend reversals.
But with the help of Hidden divergence we can find out trend continuation.
Lets start !!
- On 18 April stock is traded 411 and RSI shows the 51.29 reading .
- But it break the support level and fall further.
- it again renounce back to 411 level but this time RSI shows 68 levels which close to overbought region .
- At present condition we have resistance level 412 also.
- So we can Short it with the stop 412 on closing basis .
Only Condition is stock has to be in same trend Down or Up
See the Past example
