Island Top - Reversal Pattern, Rsi DivergenceIsland Reversal,
A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend.
Rsi divergence implies a change in relative strength as compared to price movement.
The price has come out of the regression channel.
Probably we are in the 4th wave, which means we have completed the top of the 3rd impulse wave. This would be confirmed if it closed below 21550 in the coming weeks.
Regression-trend-channel
Bullish Kicker - Regression Channel BODaily time frame;
Regression Channel breakout Indicates Change in trend
Weekly time farmes;
Bullish Kicker candlestick signals reversal from the yellow support line, which was drawn from two prior tops (Oct'21 & Nov'22), which provided support as projected
Way forward,
1. Resistance, 19600
2. Support, 19200-19250
Regression channel breakout Nifty is heading towards the next resistance 18100-18200 range. It has given regression channel breakout with strong relative strength to the weekly time frame and it came with a strong gap-up opening.
Now the price is likely to settle at over 17600.
For the next 1 or 2 days small daily candles may get a form if there is any uncertainty related to price sustenance.
Kotak Mahindra BankThis video is only for education purpose. It shows that how any swing trader can make a position in combination of support and resistance level and regression channel.
We have analyze Kotak Mahindra Bank on daily chart. Bank is showing one way fall from INR 2000 to 1650. It is clearly shown with sliding regression channel.
After touching 1650, stock goes up to 1693. One can make long position if and only if stock breaks upper limit of regression channel on daily closing basis.
Note : - Please take your position after consulting SEBI registered investor advisor or analyst.
Short term bearish outlook on niftyThe price has come out of the regression channel and took a bearish path.
Considering the price pattern structure, it was expected the market to spend some time around important breakouts, this time it was about price sustainability over ATH, as we broke the previous high of 18600, it was expected the price behavior to become sideways, this is a usual phenomenon before important price action. It puts investors and traders in a conundrum that results in a lack of participation.
Then news of an interest rate hike of 0.35% changed the direction of the market.
Next support is at 18150-18250 range
Rising channel rangeArvind fashion running in a rising regression channel
price trading running above 200 DMA
stock getting volumes
RSI taken support over 50 two time and running above and rising
if stock again touches down side trend line then it will be good level for buying
if down side trend line breaks down then can be more down side
if stock breakout and sustain above trend line then more up side levels will be see
Bearish Engulfing in NiftyNifty has formed bearish engulfing on daily basis and shooting star in a weekly chart.
Dual bearish candle at downtrend line showing weakness in Nifty.
RSI is in overbought zone and now started moving down from above 80 to 70 level.
Short term trend is still bullish but below 17700 or breaking below regression line, trend will reverse.
Nifty Short below 17700
Stop Loss above 18000
Target 1 - 16800
Target 2 - 15200
Regression Channel Linear Regression Line:
The line that fits all the data points, in stocks is considered the line where the majority of the price action is distributed.
" R Square" value
It deviates in the range of 0 to 1, the closer the value to 1, the better it is
It defines the Best fit of data.
Upper Channel Line: A line that runs parallel to the Linear Regression Line and is usually one or two standard deviations above the Linear Regression Line.
Lower Channel Line: This line runs parallel to the Linear Regression Line and is usually one or two standard deviations below the Linear Regression Line.
The upper and lower channel lines contain between themselves either 68% of all prices (if 1 standard deviation is used) or 95% of all prices (if 2 standard deviations are used). When prices break outside of the channels, either: Buy or sell opportunities are present. Or the prior trend could be ending.
Linear Regression Channel Possible Buy Signal
When the price falls below the lower channel line, and a trader expects a continuation of the trend, then a trader might consider it as a buy signal.
Linear Regression Channel Possible Sell Signal
Selling opportunity lying might occur when prices break above the upper channel line, but a continuation of the trend is expected by the trader.
Trend Reversals
When a price closes outside of the Linear Regression Channel for periods, this is often interpreted as an early signal that the past price trend may be breaking and a significant reversal might be near.
IndusInd Bank LongIndusInd Bank is trying to move to its pre Covid-level Price. The Mishap that happened last year shocked the investors due to which a there was a 34% decline in stock from it good bull run.
The stock is gaining momentum and is pushing itself to its Intrinsic Value . We can expect the stock to move to a good 1300 - 1400 Level given that the it dosen't get affected much due to the outside news , war etc.
There is a Gap between 1186 and 1130 which can help us set our targets. Even though the Gap is a breakaway gap , IndusInd still has a hold in the blue chip area and in the index as well.
According to me,
First Target - 1050 - 1080
Second Target - 1130
Third target - 1280
Fourth Target - 1380
Stop Loss - 800
Invest Wisely. Abide the stoploss as well.
Happy Investing
Tata consumer having more potential to go upafter breakout of regression channel tata consumer given a great up side move and agene it consolidating with big candles expecting one more up side moves with good intraday moves
chart its self is self-explanatory
When price closes outside of the Linear Regression Channel for long periods of time, this is often interpreted as an early signal that the current trend might be ending and a trend reversal might be near.
To draw the Linear Regression Channel, simply select the beginning of a trend and stretch the indicator to another point of the trend. The three lines of the Linear Regression Channel will self-adjust depending on the top and bottom of the trend.
Clear chennel pattern in Bandhan bankBandhan bank making lower lows and lower highs (swings)
getting support on lower level and also resisting higher side
forming regression chennel pattern on daily chart
recently it touched down side trend line and made bullish candle stick pattern
agene it can be consider for buy side from here