Get started

Rsi_divergence

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
Bullish Divergence in TIDE WATER OIL.Bullish divergence in the RSI indicator and good upside movement with good spike in volume can be seen in TIDE WATER OIL. Buying at current levels can be a good pick. Above horizantal lines in the chart are the targets for this trade, would suggest to book some part of your profit at every horizontal line/resistance. Can go for the target of levels 2147.30, 2280, 2599.80 and the ultimate target is of level 2780.15. timeframe for this trade could be 8-14 weeks. Go with the strict stoploss of candle closing below 1960 level. ( Those who can keep patience can go with the stoploss of 1780 level). THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART AND TECHNICAL INDICATOR, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR SECURITY/STOCK/SHARE.
NSE:VEEDOLLong
by Ankushkokane
NMDC - Multiple CONFIRMATIONSNMDC Current STRUCTURE- Rounding Bottom Breakout + RETEST MULTIPLE CONFIRMATIONS :- * Volume Expansion - Volumes since the last three months have been huge and continuously expanding * RSI bullish Divergence- NMDC is forming flat bottoms whereas RSI is forming Lower Highs which is contradicting hence we listen to what RSI is doing and this is an early signal of a reversal that can be expected really soon! * At The Golden Fib Zone b/w 0.618 & 0.5- We plot Fibonacci retracement and we see it is currently at a golden zone between 0.618 and 0.5 fib levels. We can take an entry when 0.5 gets broken by bullish candle or above 158 * Bullish Engulfing- At the second flat bottom it formed a bearish candle followed by a big bullish candle which indicates the previous candle was engulfed completely and hence it is a reversal candlestick pattern! Comment your views/queries and thanks for reading! HAPPY TRADING :)
NSE:NMDCLong
by UnknownUnicorn21160479
6
How to trade using RSI Divergence?To identify any divergence, first of all look at the current structure that the price is forming like the above case, Bharti Airtel is forming lower lows clearly and when we look at RSI it is forming up Higher lows. Therefore RSI contradicts the price and this tells us that RSI doesn't support what the price is doing so it's a bullish RSI Divergence. RSI here is not in line with the price so we will be adhering to what the RSI is doing. For taking entry, we would wait for the price to break first lower low that indicates that price is now ready to bounce back and we will enter by keeping previous low as Stop Loss. This is an example of Bullish RSI divergence. Now for spotting Bearish RSI divergence the price must be forming higher highs whereas the RSI will be forming Lower highs which is an early signal that price is going against the RSI and hence we will short here. That's how RSI divergence works, hope I made it simple! Happy Trading!
NSE:BHARTIARTLLong
by UnknownUnicorn21160479
6