Fundamentals of this company is overvalued and a short trade looks more sensible and we have one, check the chart - all the best
#BAJFINANCE is on verge of down trendline price as well as RSI breakout.
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!
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
buy around 10145 sl 10100 target1 10200 target 2 10250
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 level. Can be bought for 70-75 with SL-below cmp 53.7
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...
Weekly 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.
Head and Shoulder setup on Jain Irrigation with the support of MACD as well as RSI indicators indicating downward trend.
I have a very simple Intraday strategy which works really good. I would like to know your comments, advice or any faults you think my system might have, do paper trade this before actual trading. After market hours I scan stocks in the 15 min time frame to find out which stocks have broken above or below a range of say 20 bars behind. Meaning from last 300 mins...
The Index has formed Harmonic 3 Drive Pattern at the top of the rally and clearly Showing RSI Divergence showing weakness in the coming days. One can short it with appropriate stop loss. As mentioned in my earlier post that Divergence made at the top are little tricky compared to the one formed at the bottom. Good Luck
Current price level is clearly a good demand zone where buyers emerge. We can go long here with small Stop Loss just below the low made recently on closing basis and expect a good profit in short term. RSI 40 for this stock worked as extreme oversold zone and again bouncing from this level thus confirming the idea of going long.