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Negativedivergence

SGX Nifty Chart Analysis 13/09/2022SGX Nifty made high of 18142.5 & then it formed a pattern called as "Bearish Engulfing. SGX Nifty was forming higher highs with negative divergence. It formed Top 1, Top 2 , Top 3 & Top 4 with lower volumes. Whenever any stocks or indices made higher highs with dry volume i.e. Negative divergence wait for chart pattern to form because it means that particular stock or indices will fall , no one can tell the timing but we have to follow the chart pattern to make our trade. Good Luck
NSEIX:NIFTY1!Short
by sarangmv
RSI STUDY ON APOLLO HOSPITALS 4H CHARTIn this chart, RSI (Relative Strength Index) study is carried out on 4h timeframe chart with possible support zone/range and targets. Previously in chart after bearish formation, we saw sharp fall in price both the time. recently in chart, we can see the formation of Bullish/Positive divergence is visible, which suggests (not every time) the end of bear's strength and bulls are getting in charge or taking over the bears. Demand Zone/Support Zone is also nearby so, one can buy here at this levels/CMP or can wait for price the demand zone to hit the demand zone/support zone. you can also go with buy on dip strategy, buy 30% qty at current levels and buy 70% at near around demand zone (only if price falls). 4190-4125 is the demand zone/support zone. Go long with the strict stop loss of 4038 level (only on candle closing below basis), for the given target of 4677.65, 4935.35, 5199.65 levels. ENTRY :- CMP (CURRENT MARKET PRICE) OR IF YOU GET IT NEAR AROUND 4190-4125 ZONE ALSO CAN BE A GOOD PICK. STOPLOSS :- 4038 (CANDLE CLOSING BELOW BASIS) TARGET :- 4677.65, 4935.35, 5199.65 ABOVE POSITION/ENTRY IS SUGGESTED ON THE BASIS OF RSI (RELATIVE STRENGTH INDEX) STUDY. TAKE THIS STUDY AS A EDUCATION, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE. THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR PARTICULAR STOCK/SECURITY.
NSE:APOLLOHOSPLong
by Ankushkokane
Is NIFTY heading for Reversal?NIFTY has been trading near the resistance zone(78.6 Fibonacci level) from the past week and it has closed near the lower trend line of the rising wedge pattern. There is a Negative divergence on RSI as well. If it headed for the reversal, it's likely to find support at 61.8 Fibonacci level i.e, at 10550 (or) at 50 Fibonacci level, which is around 10000. Cheers. This is as per my analysis and it is for educational purpose only. Please do your own analysis before doing any trade/investment. Feel free to comment on the post, about your view.
NSE:NIFTYShort
by jayaprakash99