RSI divergence. Don't know about fundamentals and profits but probably a good setup near earnings date.
Price dropped from top after divergence and it can be very good trade with good Reward.
In Hourly, price closed near the price range that acted as a support during the day. 1. USDCAD did a breakout and then pulled back to 1.30790 Levels on weekly charts. 2. Price has a nearby support of 61.8 % Fibo Level on Weekly. 3. Stochastics - Oversold on Hourly. Lastly, risk and reward is pretty favorable, I will wait to see how it reacts at the opening...
1: HDFC Bank Monthly, Price making Higher high 2: RSI Making Higher low 3: Safe until stock breaks 8 EMA (Not in this pic) on Monthly closing basis. Short term investors can tighten their trailing stops NSE:HDFCBANK
Retraced to almost 61.8% of the rise from 16th May to 15th June - Targets= 278/284/289/295/303 (futures prices July contract) - SL below 252 closing basis (futures prices July contract)
IDBI going to the new heights! Go Long on IDBI Bank on monday. Reasons for Long 1. Stocastic - Oversold 2. RSI - Oversold 3. Morning Star Formation ( Great success rate) 4. Bounced from the trend line Any opening above 54 can lead to 60 within 2 weeks time frame.
Stock has formed big W reversal pattern and showing bullish divergence therefore it looks good for buying at this level. It has broken the short term trend line and RSI (14) is also healthy above 50. One can buy the stock now for a target of 4000 in due course by providing suitable SL. Disclaimer : All ideas are my personnel view. Please take financial consultancy...
i see that the stock has good chances of touching 333 in next 2 months!
Demand Zone Bullish Harmonic Oversold RSI
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...
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 ..
* CANDLE Pattern: Bullish ENGULFING ** FIBONACCI: Retraced Fib E 1.618 OF "DSK" *** Indicator & Oscillators: Bullish REVERSAL **** Price VOL. Analysis: "+VE" BREAKOUT. ... Entry, ... Accumulation, ..... TARGET, .... EXIT, Rest mentioned in detailed on chart.
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...
Contradictory details ? 1. price making lower high - lower lows 2. oscillators showing bullish divergence
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...