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Oscillators

Bajaj Auto 3717 dated 25-1-2023 Triangle BOBajaj Auto 3717 dated 25-1-2023 1. Triangle Bo done @ 3705 2. RSI BO 3. Quarter result came excellent. Buy @ CMP for target 3770-3815-3885 SL 3650 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:BAJAJ_AUTOLong
by SHEETAL_UDESHI
3
Trent Cmp 1203 dated 24-1-2023 Hammer CandleTrent Cmp 1203 dated 24-1-2023 Live mkt 2.35 1. Hammer Candle @ bottom 2. Candle is made after a correction of more than 20 % 3. RSI Divergence Buy @ CMP for target 1235-1255-1290-1310- 1350 SL 1150 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:TRENTLong
by SHEETAL_UDESHI
Bank Nifty Cmp 42507 dated 20-1-2023Bank Nifty Cmp 42507 dated 20-1-2023 Positional : 1. Rectangle formation BO @ 42710 2. RSI Divergence. Buy above 42710 for target 42910-43150-43305- 43580-44150 SL 41700 Sell Below 41800 for target 41520-41250- 41100-40850 SL 42500 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:BANKNIFTYLong
by SHEETAL_UDESHI
1
Trent Ltd Cmp 1223 dated 18-1-2023 Hammer Candle Trent Cmp 1223 dated 18-1-2023 1. Hammer Candle @ bottom 2. Candle is made after a correction of 20 % 3. RSI Divergence Buy @ Cmp for target 1250-1285-1310-1360 SL 1180 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:TRENTLong
by SHEETAL_UDESHI
1
Maruti Cmp 8479 dated 17-1-2023 Triangle BOMaruti Cmp 8479 dated 17-1-2023 1. Triangle Pattern, BO above 8500. 2. RSI on verge of BO 3. Chart making higher lows. Buy above 8500 for target 8575-8625-8695-8750 8850-9000 Sl 8350 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:MARUTILong
by SHEETAL_UDESHI
Varun Berverages Cmp 1207 dated 16-1-2023 Bullish Piercing Varun Berverages Cmp 1207 dated 16-1-2023 1. Bullish Piercing Candle @ support. 2. RSI Divergence Buy above 1215 for target 1230-1270-1295-1330 SL 1140 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
VLong
by SHEETAL_UDESHI
1
What Is the RSI Indicator & RSI DivergenceRSI - Relative Strength Index Indicator: The Relative Strength Index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. It is important to note that the RSI does not indicate whether a stock is a buy or a sell; rather, it provides insight into the current trend of the stock. The RSI is a versatile indicator that can be used by traders of all levels and can be adapted for any style of trading. For example, a trader may use the RSI to identify support or resistance levels, or to spot divergences that can be used to predict future price movements. The RSI can also be used to locate potential trading opportunities by looking for overbought or oversold conditions. Furthermore, the RSI can be used in combination with other indicators, such as moving averages, to gain a better understanding of the market’s overall trend. Formula of RSI: The RSI is calculated using a formula that compares the magnitude of recent gains against recent losses over a specified period. The formula for the RSI is: RSI = 100 - (100 / (1 + (Average of Upward Price Movements / Average of Downward Price Movements))) What is periods in RSI: Periods in RSI (Relative Strength Index) are the number of time periods used to calculate the RSI. The most commonly used period for RSI is 14, but other periods such as 7, 9, and 25 are also used. This number represents the number of time periods that are used to calculate the RSI, so a period of 14 would mean the RSI is being calculated using the last 14 time periods. RSI divergence: RSI divergences are a type of technical analysis used to identify potential trend reversals in the markets. They are based on the Relative Strength Index (RSI) and are used to spot potential trend reversals before they occur. A divergence occurs when the price of an asset makes a higher high, but the RSI makes a lower high. This suggests that the current rally is losing momentum and may reverse course. Similarly, a lower low in the price and a higher low in the RSI may signal an impending rally. Divergences are best used in conjunction with other technical indicators and analysis to confirm price action. It is also important to keep in mind that divergences do not always lead to reversals and may simply signal a period of consolidation before the price continues its current trend. Divergence Cheat Sheet / Types of Divergence:
Education
by AfnanTAjuddin
1
'GOLDIAM' ready to boom like 'GOLD' !!!We all have witnessed the bombastic rally of Gold & Silver, now it seems that companies that are engaged in business related to gold & silver are going to buzz. Let's have a detailed overview of the stock in prominent timeframes. Daily Timeframe: - Goldiam has shown a breakout from a right-angled broadening wedge pattern which was under construction for the last 4 months. Thunder Volumes supports the breakout. Also, there is an RSI breakout which indicates the strength of the stock. All moving averages were been converged, and now slowly 20DEMA is diverging and crossing above all important moving averages this indicates that the stock has finished the choppiness and is ready for a fresh move. Weekly Timeframe: - Goldiam is breaking from a time-long consolidation phase after base building formation. Record Volumes this week indicate strong interest in market participants. RSI is also given a breakout from a channel and now sustaining above 60 which confirms the strength. My Observation: The only thing to ponder is the Daily RSI is at 79, and Goldiam has shown a continuous move of almost 20% in the last 4 days, so I must suggest to deploy 50% position now and wait to cool off i.e. accumulate around 155-150 which is the breakout level.
NSE:GOLDIAMLong
by Chaser30
2
Bank Nifty 42233 dated 11-1-2023 Hammer CandleBank Nifty 42233 dated 11-1-2023 1. Hammer candle 2. RSI Divergence Buy above 42325 for target 42700-43050-43500 SL 41700 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:BANKNIFTYLong
by SHEETAL_UDESHI
Bata India Cmp 1649 dated 30-12-2022 Triangle BOBata India Cmp 1649 dated 30-12-2022 1. Triangle BO 1650 2. RSI verge on BO Buy above 1650 for target 1665-1700-1720-1735 SL 1625 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:BATAINDIALong
by SHEETAL_UDESHI
NIFTY ANALYSIS AND WEEKLY PICKSNIFTY ON 30-12-2022 Following the positive Global cues Index opened gap up and made the day high of 18265.25 but failed to sustain 18250 and selling pressure came from all directions which dragged the Index towards the day low of 18080.30. The Index kept oscillating between 18150 and 18200 and both Bulls and Bears tried to bring the odds in theirs favour. It was the final hour of trading session when Bulls can’t sustain the selling pressure and finally threw the towel. All the vital indices except METAL , PSU BANK and OIL&GAS closed in Red. Index closed at 18105.30 losing 0.47% making a Bearish candle on daily chart. Technical View : (Daily Chart) NIFTY has made a long Bearish candle which indicates the further downside in upcoming trading sessions. NIFTY is moving below EMA 13, 21and 34 and EMA 13< EMA34<EMA21 which signals that Index is still in down-trend. RSI is below 50 level which endorses the signals coming from the above-mentioned indicators. We had discussed in the previous post that Index has a tendency to move towards the EMA 13 from wither of the directions. A quick glance at the chart reveals that Index moved toward the EMA 13 ( which lies at 18225.02 on the trading session of 29.12.2022) and failed to sustain it. If Index had sustained this level then it could have been interpreted that index has completed its correction and ready to move upward. However, the failure to sustain EMA 13 on daily chart also endorses that Index may further show weakness. Support and Resistance : Daily Chart 18040-17981 will work as the first support level for NIFTY. Below this 17831 will hold strong support. On the upper side NIFTY will face resistance in the range of 18169-18244. Above this 18300 will hold strong resistance for NIFTY. Sectoral View: ( WEEKLY CHART) BANK, METAL and OIL&GAS look strong where the investors may park their welath while indications of positive reversal are visible in AUTO, FMCG, IT and MEDIA which make these indices the candidates of buying. PHARMA looks weak and further weakness may be observed during the next five trading sessions. View for Traders: Now this looks interesting. Technically Index is weak and there should not be any doubt about this. But at the same time the vital indices tell a different story. In the above section “ Sectoral View” it is mentioned that except PHARMA all other indices are either showing strength or signaling the positive reversal from current levels on Weekly Chart. So, if all the vital indices are indicating towards positive reversal then there is no reason to remain bearish on Index for the upcoming trading sessions. If the Index is indicating in two different directions the view can never be unidirectional and hence the author prefers to remain firm with two different views for the upcoming week. Index may open gap down on 02-01-2023 but there are high chances that Index will alter its direction and move towards north. Hence, under present circumstances, it seems wise to buy NIFTY on Dips rather selling at High. Buy NIFTY near the first support level i.e. 18050 for target of 18150-18200. SL may be kept below 17975 on closing basis. As mentioned above, it is better to find chances to buy NIFTY on Dips rather selling at High, it is not recommended to Sell NIFTY as the risk reward ratio doesn’t look favourable. Weekly Picks 1. BALKRISHNA INDUSTRIES BUY in the range of 2060-2080 Target 2188 SL 2015 Potential Upside 6.21% 2. HDFC BANK Buy in the range 1590-1600 Target 1700 SL 1575 Potential Upside 6.91 3. MPHASIS BUY in the range of 1920-1932 Target 2071 Potential Upside 7.86 SL 1885 4. TATA STEEL Buy in the range of 106-110 Target 119 SL 99 Potential Upside 12.26% 5. INOX LEISURE Buy in the range of 480-485 Target 520 SL 465 Potential Upside 8.33%
NSE:NIFTYLong
by VipulCIL
BPCL cmp 327 dated 29-12-2022 BPCL cmp 327 dated 29-12-2022 Swing Trade 1. Small Consolidation BO above 329 2. RSI divergence Buy above 329 for target 335-340-345-350 SL 322 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:BPCLLong
by SHEETAL_UDESHI
Asian Paints Cmp 3112 dated 27-12-2022 Rectangle BOAsian Paints Cmp 3112 dated 27-12-2022 1. Rectangle Consolidation BO above 3120 2. RSI Divergence Buy above 3120 for target 3165-3200-3240 SL 3050 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:ASIANPAINTLong
by SHEETAL_UDESHI
1
MCX 1644 DATED 20-12-2022 Shooting Star CandleMCX 1644 DATED 20-12-2022 1. Shooting Star Candle @ Resistance (Negative Candle) 2. RSI Divergence Sell below 1635 for target 1605-1585-1560-1540 SL 1675 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:MCXShort
by SHEETAL_UDESHI
7
Apollo Hosp Cmp 4610 dated 19-12-2022 HAMMER @ SUPPORT LINEApollo Hosp Cmp 4610 dated 19-12-2022 1. Hammer Candle near to Support Line. Buy above 4620 for target 4650-4700-4760-4820 SL 4520 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:APOLLOHOSPLong
by SHEETAL_UDESHI
6