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Rsi_divergence

Neuland Lab Base formation, RSI Bullish divergence on WC.Neuland lab has been consolidating for around 13-14 weeks & formed a strong base on weekly chart. The base has acted as a strong support, as can be seen in charts script has taken support multiple times. This was also a strong resistance zone when script broke out in Feb 21, now acting as strong support. The stock has seen a relatively low volumes in consolidating & the RSI is also not encouraging at 41, but has formed a positive divergence on weekly chart, so should see strength in coming week. In coming week price reversal can be seen & if croses the resistance of the symmetrical triangle, can show good up move. Keep an eye!! Discl : Invested, not a reco for buy/ sell
NSE:NEULANDLAB
by amjai85
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_