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Rsi_divergence

BANK NIFTY - HIDDEN BULLISH DIVERGENCERSI is also known as God's indicator because of it's ability to spot reversals better than other indicators. Traders use divergences in RSI and price instead of just RSI's value to strengthen their analysis. In this chart two types of divergences are displayed. 1) Bearish Divergence. 2) Hidden bullish Divergence. Bearish Divergence When the price making higher high and RSI makes higher low in overbought zones it is called as bearish divergence. Traders on the long side should take caution and should look for short trades on confirmation. Now after creating bearish divergence price dips and dips till or below it's previous high from where the divergence was created. Once it corrects till there one should look for bullish divergence to spot reversals. Hidden Bullish Divergence Hidden bullish divergence is said to form when RSI dips below it's previous swing low but price remains above previous swing low. THIS INDICATES THAT PRICE HAS STRENGTH. HOW TO TRADE THIS DIVERGENCE? Since RSI has started giving signals of strength and weekly chart has formed indecision candle. One should look for long once price goes above previous week's high that is 36844. Stoploss will be below the low of indecision candle that is 35327.
NSE:BANKNIFTYLong
by abu_bkr
2
Tide WaterTide Water : Strong Downtred 09 -Dec-21. Time Frame : Daily Query > Is this Bullish RSI Divergence :: This is not called Bullish Divergence dear but suppose tomorrow Bullish candle ( Tomorrow candle) engulf the bearish candle (Today's candle 1490-1435) and close above then only it is called Bullish divergence. Suppose it happens then tomorrow buy order at 1535 stop loss 1482.00 Target 1 1664 - 1690. Suppose it cross 1690 Then it is called Range shift. Next Target 1768-1780.
NSE:VEEDOL
by FalgunPrajapatiTrading
UPL- BUY & SELL LEVELSWhy this Trade..?? Bearish Because... 1.Head & Shoulders Pattern 2.Support 686 level is Pending Bullish Because.... 1.RSI Showing Divergnce, So Fake breakout can be possible. 2.Fake Break out can give good up move,but the sentiment is Bearish Finally, it is a Neutral Stock to trade based on the momentum and Sentiments Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
NSE:UPL
by GreenBull_
RSI STUDY ON APOLLO HOSPITALS 4H CHARTIn this chart, RSI (Relative Strength Index) study is carried out on 4h timeframe chart with possible support zone/range and targets. Previously in chart after bearish formation, we saw sharp fall in price both the time. recently in chart, we can see the formation of Bullish/Positive divergence is visible, which suggests (not every time) the end of bear's strength and bulls are getting in charge or taking over the bears. Demand Zone/Support Zone is also nearby so, one can buy here at this levels/CMP or can wait for price the demand zone to hit the demand zone/support zone. you can also go with buy on dip strategy, buy 30% qty at current levels and buy 70% at near around demand zone (only if price falls). 4190-4125 is the demand zone/support zone. Go long with the strict stop loss of 4038 level (only on candle closing below basis), for the given target of 4677.65, 4935.35, 5199.65 levels. ENTRY :- CMP (CURRENT MARKET PRICE) OR IF YOU GET IT NEAR AROUND 4190-4125 ZONE ALSO CAN BE A GOOD PICK. STOPLOSS :- 4038 (CANDLE CLOSING BELOW BASIS) TARGET :- 4677.65, 4935.35, 5199.65 ABOVE POSITION/ENTRY IS SUGGESTED ON THE BASIS OF RSI (RELATIVE STRENGTH INDEX) STUDY. TAKE THIS STUDY AS A EDUCATION, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE. THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR PARTICULAR STOCK/SECURITY.
NSE:APOLLOHOSPLong
by Ankushkokane
BIOCON ( Ready for Marathon)BIOCON: Few key points to note: - Seems like Wave 4 is completed and Wave 5th have been initiated. -Respected the Golden Ratio of the prior trend. - RSI Bullish Divergence (Double Bottom) - Support taken at 200 Weekly Moving Average & EMA - Bullish Candlestick pattern formed at Official Level (Golden Ratio) & Moving Averages. I expect upside reversal in BIOCON from this point. However the trade gets activated once it closes above 350 and the expected target is 421-544-596.Please note, this is a weekly Time Frame chart, it would definitely take time to see the targets being achieved. So have patience if you venture with this stock with an appropriate SL. CHART & ANALYSIS – ADARSH DEY
NSE:BIOCON
by AdarshDey
2