Oscillators are popular and widely used because they are leading indicators that can signal a possible trend change that is yet to start. This type of indicator oscillates between two limits, above and below a midpoint and its value helps to gauge the strength and momentum of a trend. Oscillators also typically signal if a market is overbought or oversold (meaning price is unjustifiably high or unjustifiably low), which could point to a reversal of the trend. This could be used to determine when to close open positions.
Oscillators work best in ranging markets because in trending markets they can show overbought or oversold conditions too soon. Common things to look for are a midpoint cross, approaching maximum or minimum value and regular or hidden divergence. Oscillators are usually plotted with a line or histogram. There are many oscillators such as the Relative Strength Index, the Stochastic Oscillator, the True Strength Index and the Ultimate Oscillator.
will like to play this in OPTIONS by buying X strike (already bought ) for target of 1:5 ( loose 1 rs , gain 5 rs )
stop loss near 86 for 93 first tARGET !! & above 93 if susutains !! one way 104 ..
The script has closed at 1475.40 and it shows potential of going further up.
20 Day EMA is above 50 Day EMA and is facing up.
RSI is above 50 level and facing up.
MACD has given positive crossover above zero which again is positive sign.
If you do further analysis, 10 week EMA is above 30 week EMA and facing up.
You should Buy @ CMP (1476) For the target of ...
Bearish divergence in my experience are tricky to trade comparing it with bullish divergence. Sometimes stocks make more upward attempts before falling finally and thus triggers Stop loss. However the USD is showing continuous Divergence in Overbought Zone and yesterday bar has showen weakness. One can short the USD with SL of recent high.
Disclaimer : All ideas ...
NSE:LICHSGFIN Daily chart. RSI default making lower highs while price hitting lower lows, So this is actually a good RSI Classical Positive divergence. Stock might see an uptrend above 490. Stops would be below recent low (460) on daily candle closing basis.
NSE:TATAMOTORS Classical positive divergence seen. if demand is seen (green candle) 1 can long with stop loss below recent low 280 on daily candle closing basis. Target 1:2 risk reward ratio.
RSI is showing bearish divergence in overbought area and stock has formed 2B reversal pattern which provides an opportunity to short the stock Future at current level.
Entry 285
SL 284
Target 270 initial
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
ICICI Bank could be good for short/medium term Long position next week.
I had placed a buy order @ 286 (futures) and am holding the position.
Daily Chart:
Fibonacci levels in the daily chart suggest that Wave-II is at an end and Wave-III could start sooner than later.
SL & Targets indicated in the chart
30 min Chart:
Money Flow Index in the 30 min chart is ...
Technical :
RSI - Oversold
MACD - Possible curve in coming days
Current price far lower than 10/20/50 days SMA. Generally price trend to close gap with SMAs in certain period. Either SMAs should come down OR price should go up.
I will better watch for price action and enter once I see MACD giving right signal. Company results are scheduled on tomorrow so also ...
cipla on daily charts is inside an ascending triangle pattern currently market price is in major resistance level which is the base of triangle yesterday 1-4-18 it formed a shooting star pattern which indicates a trend reversal and today 3-5-18 it is forming engulfing pattern RSI have also reached oversold levels and returning back if bearishness continues for ...
Long on Maruti @8837 (May futures price). Tight SL with good risk/reward ratio
MFI and OBV at very low levels
Ichimoku Chikou Span will hopefully emerge from congestion
Much of the market is overbought but Maruti has fallen significantly
