Bank nifty good short candidateBank nifty bearish harmonic pattern formation with divergence on indicator
can be short candidate till prz levels are not crossed on 15 mins candle closing basis
Relative Strength Index (RSI)
SBILIFE: Time to exitSBILIFE was entered on21st May , since then the stock has rallied to 17.5%. Lately there has beena development of weakness in the RSI as depicted by the negatively diverging lines on price and RSI on the hourly chart. In order to safeguard the capital and protect profits, I suggest it is best to book out at this point.
NSE:SBILIFE
Jindal steel and power in good trend.Jindal steel and power is just a little above from its proper buying zone but can still be considered for a quick swing .
IDFCFIRSTB Looking BearishANALYSIS : Head and Shoulder Pattern + RSI Resistance at levels near 40
ENTRY : Below 53.75
EXIT : 1D candle closing above SL
TARGET : 45.1
STOP LOSS : 55.05
TIMEFRAME: 1-3 months
R2R RATIO : 5.63
Trade Execution :
Sell NSE:IDFCFIRSTB1! ~ 2.4 Lakhs
Buy Options - July 45 PE ~ 2K, Aug 45 PE ~ 5K
Gland Pharma Breakout - BO done above 4178.
- RSI negative divergence seen, may slow the uptrend till sorted.
- May look for entry after divergence is sorted out for targets of 4580. SL may be 3749.
*only for educational purpose not a recommendation
VALIANT ORGANICS - Trust the Pattern - PatienceFalling Wedge Breakout.
The orange line in this chart seems to be a very significant line providing early directions of rallies.
Instead of me explaining, a few minutes of observation could give you a better understanding.
INDUSIND Bank- Rounded Bottom in Daily Charts & Morning Star The following Chart shows Rounded bottom for Indusind Bank, also a Morning Start Candlestick pattern is formed on the weekly chart.
Other Indicators also indicate Upside Movement (RSI & MACD)
Recent Breakouts of Nifty Will also help push this stock price.
Bank Nifty Level for Tomorrow ( Price Action ) If Tomorrow Market Open above on Last day 15 min candle high and taking Support 34540 Then Go Long for 34870.
If Market Open Below 34540 Then Go Short Upto 34295 and if this level Break then Target will be 34063
Avoid Trade if Market GO SIDE WAYS IF GIVEN LEVEL BREAK THEN TAKE TRADE
Only fOR Educational Purpose
Analysis Purely Based On PRICE ACTION
NIFTY RSI Divergence PredictionNIFTY RSI Divergence Prediction :
On 30th July 2021, Market is going Bullish Trend. Because RSI Divergence shows a support and Resistance Level
Nifty Level For Tomorrow Go Short if last day 15 min Candle low break
level 15800
Otherwise, go long after 15860 for 50- 80 point
Before taking any decision check the risk ratio.....
Bitcoin Making RSI Divergence Pattern- Possible BreakoutsFollowing chart is of BTC/USD which shows RSI Divergence Pattern, Buy After it Breaks the @41000 Level, Very Strong Resistance right there.
Also The Targets is huge, so Go Long After Breakout.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
SUNTV: Short term & Mid term view- BullishMonthly MACD crossover happened but the stock price not reacted and all my indicators are showing bullish on this stock. Daily MACD crossover also may happen on upcoming days. ADX trend is getting strong but price not moving much. It can shoot up on upcoming days. Price may move more than the target levels bcaz of the bullish signals in monthly chart.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
IT Index Trending but momentum divergence exitIT Index Trending and all IT stocks are performing and trending with great momentum but need for caution need is that there momentum divergence exit
on the chat which would mean that price is moving up but momentum is dropping
FY21-22 Swing Trade Idea #129: Long on PERSISTENTThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Alembic Pharma APLLTD—good potential long?A lot of things going on with NSE:APLLTD .
Trendline break is evident, but we can also see the stock holding well above the 50 and 200 DMAs. The volume looks very healthy, too. To add, RSI has just crossed above 60. The ~1032 level has proven to be a stiff resistance up till now.
I'm already holding this stock, so no fresh position for me, but it's definitely got my attention, now more than ever ;)
short term high gain!!!both bollinger band and rsi suggest a strong buy
buy at 653
targret - 1st target 698
2nd target 730
SEE THE MAGICS OF RSI
BELIEVE IN YOURSELF
📉 Your Ultimate Guide to RSI Divergence (Settings & Tips) 📈
Hey traders,
Relative strength index is a classic technical indicator .
It is frequently applied to spot a market reversal.
RSI divergence is considered to be a quite reliable signal of a coming trend violation and change .
Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it with the following tip s:
💠First of all, let's start with the settings .
For the input , we will take 7/close .
For the levels , we will take 80/20 .
Then about the preconditions :
1️⃣ Firstly, the market must trade in a trend (bullish or bearish)
with a sequence of lower lows / lower highs (bearish trend) or higher highs / higher lows (bullish trend).
2️⃣ Secondly, RSI must reach the overbought/oversold condition (80/20 levels) with one of the higher highs/higher lows.
3️⃣ Thirdly, with a consequent market higher high / lower low, RSI must show the lower high / higher low instead.
➡️ Once all these conditions are met, you spotted RSI Divergence .
A strong counter-trend movement will be expected.
Also, I should say something about a time frame selection .
Personally, I prefer to apply it on a daily time frame , however, I know that scalpers apply divergence on intraday time frames as well.
❗️Remember, that it is preferable to trade the divergence in a combination with some price action pattern or some other reversal signal.
❤️Please, support this idea with a like and comment!❤️
#VERTOZ 200MA BO Vertoz advertizing Ltd
1. 200MA Support/Reversal/BO during volatile trading day.
2. RSI + Volume justifies the trend reversal move.
3. Keep on watch list.
NIFTY - RSI NEGATIVE DIVERGENCENifty again hits ATH today but the price slided afternoon.
1. In hourly chart, nifty clearly forms a negative divergence in RSI which is a negative sign.
2. It is travelling in a parallel channel, the price hits the top end of the channel and slided slightly.
considering those two factors, nifty might retouch 15600 levels, lets wait and see tomorrow.
TITANTitan Company Ltd. multiple breakout awaited
details are already given in chart, for more details about Entry/Target1-2-3 and SL, follow my page and inbox me with your query..
Disclaimer:: I may or may not trade this setup, kindly do your own analysis before initiating any trade.
Eicher Motors breakout retest with RSI 60—a good long candidate?NSE:EICHERMOT is retesting its breakout zone with RSI at 60 and support at 13DMA (not pictured here). FIB extension targets are highlighted. First resistance can be 2800 (also happens to be 23.6% FIB). A few auto stocks seem to be in momentum and have retraced so the sector seems to be in a good mood, too.
If we observe, Eicher had formed an H&S, took support and is now retesting around the left & right shoulder levels.
Stop can be placed below 2700, around 2670-2680.
Lincoln Pharma reversing?NSE:LINCOLN retraced till 23.6% FIB level and appears to be taking support now. RSI has also bounced up from 40 and is now above 50, aka in the bullish bias zone.
Interestingly, the support zone is right at a previous high.
Risk is limited as a failure to hold the 23.6% level or the previous high can negate the view. The pharma index, NSE:CNXPHARMA , saw good support today and RSI has bounced up from 60 which might indicate that the sector is readying for the next leg of its bull run.
sail sellbearish rsi diversion might become hurdle in sails drift. this is just my view, dont take it as call
