Relative Strength Index (RSI)
What is Divergence And How Does it Work ... For Learners ...Dear All , I am not A Professional in Share Markets But Sharing Knowledge always increases Knowledge of Everyone ... So , I am just Sharing About Possible Divergences of Share Price with RSI ...
Basically , There are two types of Divergences :-
(1) Positive/Bullish Divergence :-
It is known By Joining Bottoms in A Chart And Comparing it with RSI or Any Indicator ... There are Two Possibilities in this Divergence :-
: The Trend is Going Upwards & RSI is Slopping Downwards .
: The Trend is in Downward Direction & RSI Slops Upwards .
(2) Negative/Bearish Divergence :-
It can be derived by Connecting the Tops in A Chart And Comparing it with RSI or Any Indicator . Similarly , It is Identified if :-
: The Trend is Up And RSI Slops Down .
: The Trend is Down While RSI Shows Upwards Movement .
So That was From My Kitty ... You Can Apply Divergence Theory With Any Indicator ... It is Simply Awesome Tool for A Trader ... You All Should Keep it in Your Kitty ... Good Luck !!!
MY personal view on BANK NIFTY will keep on updating as the month will not be easy , and there are great chances of making people surprise .!!
XRPBTC Price Analysis For Day TradingXRPBTC Price Analysis For Day Trading
EMA 20 Gives Support, MA 50 Line Strong Support,
RSI Almost In Over Bought Zone,
There is a little risk in this trade,
Support Level- 17952 Satoshi
Time to be CatiousJust like BitCoin Bubble, Ripple is sending same negative signals.
We can clearly notice the Volumes are dropping and RSI negative Divergence.
Book your profits at right moment
NASDAQ 100/ will finish the year by rising at the end?as we can see after checking price movements and checking the MACD & RSI & specially MACD STRATEGY , we can find out the price will continue going up! 3 target point can be the goal. and each one is possible after breaking up the last one and confirm staying top of that, good luck
Tata global beverages looks Down ?Fundamentals of this company is overvalued and a short trade looks more sensible and we have one, check the chart
- all the best
#BAJFINANCE - Downtrendline Price & RSI breakout#BAJFINANCE is on verge of down trendline price as well as RSI breakout.
NIfty 50 If 10,094 (previous swing low) is held on Monday, we can expect the RSI divergence to play out and Nifty might run back up to 10,220 and upwards.
It is all dependent on the fact that we hold above 10,094, if breached then we can expect further downfall.
(Not a recommendation of any sort, just sharing my thoughts)
Happy Trading!
for those who like to gamble !!!! the stock can give a good upside in near terms thus i feel it could be a good bet , but for only risk takers as the stock will remain extremely volatile for next few trading sessions
Bank Baroda - Ending Diagonal + RSI Divergence It is been observed on the daily chart that the price action breaks above the Ending Diagonal and also formed a RSI divergence indicating a change in price action from a down to upward trend. It shall further move up from current levels.
T1-142
T2-145
SL136
Rolta RSI +ve divergence at support.Rolta
RSI +ve divergence at support level.
Can be bought for 70-75 with SL-below
cmp 53.7
Be Cautious!! { Negative RSI Divergance }On the daily charts of Piramal Enterprise, Negative RSI Divergance has been formed...
Looking towards price, it is standing on important support...
RSI Negative Divergance is indicating that it may break that support,
If it breaks that support we may see more down side..
Targets will be 2760/2700/2650/2600
SL will be 2800
If it dosent break that then target will be 2920/2970/3150
SL 2820
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
EDELWIESS Flag BreakoutWeekly flag breakout with high volume.
Target is open but acc to pattern given as height of the pole.
SL is place at the low of last candle a.k.a new support.
Jain Irrigation H&SHead and Shoulder setup on Jain Irrigation with the support of MACD as well as RSI indicators indicating downward trend.
