Oscillators
Negative Divergence in Nifty Daily on 13th Sept HighNifty Daily creates a negative divergence on 13th Sept, where price attains a HH without RSI follows it (see the brown circles in price/RSI).
Per common wisdom, negative divergence needs to correct below the previous swing low (29th Aug @ ~17200) to correct the divergence.
Now how far?
Well the next Fib support is at golden ratio ~17000.
Just empirical - whatever eyes see in chart.
NIFTY 18K OR 17K ?By the today's horrible move by index it's not easy to digest to anyone that it could fall more rapidly in coming sessions while it already sliced 500 points in last three to four days so I want to find out what actually happened and what could happen next so what I saw is that a bearish divergence is standing over there on the top which acted a resistance as well as and the RSI indictor indicating negative divergence too, And after so many days it breached 20 days moving average and close below that with full bearishness given no recovery at the end of the session closed almost on day lows as well which indicated that fresh shorts happened with full force in it. We can say the that coming Reserve bank of India and united states fed meeting will play a important role in this case study to decide further moves that where it will go and after all global markets are not supported so it will not surprised to me that it will go below 16K one more time.
Conclusion--:: The trend is negative which followed by the indicators and trendline some more downfall often we see after when this type of
chart and negative divergences occurred.
Regards to all mates.
UNO Minda Cmp 592 dated 9-9-2022 ROUNDING PATTERN BOUNO Minda Cmp 592 dated 9-9-2022
1. Rounding Pattern BO @595
2. RSI has Symmetrical triangle BO.
Rounding Pattern Tgt & Fibonnachi 1.618 level has same targets.
Buy for a tgt of 625-775 SL 545
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, pls trade at your own risk.
Titan Cmp 2645 dated 15-9-2022 SELLTitan Cmp 2656 dated 15-9-2022 SELL
1. Dark Cloud Cover Candle Stick (Bearish)
2. Double Top made
3. RSI Breakdown.
4. Trendline Breakdown
Sell below 2645 for a target 2590-2540-2450-
2400 SL 2725
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, pls trade at your own risk.
lti back in uptrendstock corrected almost 50% from its 52 week high
and we can see double top formation and price corrected
and now double bottom is formed
and cup is made of double bottom with falling wedge as handle
now we can consider it to be in the buyzone and we also see rsi positive divergence + price closing above 75 ema
so multiple signals prove that we have a strong up trend
PVR Ltd 1830 dated 24-8-2022 Bottom CatchPVR Ltd 1830 dated 24-8-2022
Bottom Catch
1. Support @ 1770
2. Falling Wedge BO
Buy above 1845 for a tgt of 1880-1915-1950-
1975 SL 1770
It is just a view, pls trade at your own risk.
Jindal Steel analysis for Cash & Futures by 3 Parameter StrategyTrade Setup
Enter the trade at the opening.
Stoploss at the low of the signal candle for aggressive traders.
Stoploss below the 20ema for positional traders.
Trailing stoploss after a 5% move.
Analysis Notes
Bollinger Band is squeezed and the breakout of the upper band.
Rsi is above 60.
Macd bullish crossover
For educational purpose only.
COLPAL Daily Chart analysis by 3 Parameter StrategyTrade Setup:
Enter at the opening price.
Avoid the stock if it opens with a gap-up of more than 2%.
Stoploss should be at the low of the signal candle. But the candle is big in size so we can place a stoploss below to sma20.
All 3 Parameters of the strategy are matched.
The bollinger bands are squeezed as compared to the previous structure.
The signal candle gives a breakout of the upper band of the signal candle.
Rsi is above 60.
Bullish crossover on Macd.
Conclusion:
Bullish