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Rsi_divergence

We may see a Head and Shoulders reversal in Hero Motocorp Ltd Hero Motor Corp Ltd showing bearish signs as following: 1. Head and shoulders completed on weekly and daily timeframe. 2. Price closing below 50 and 100 day EMA for 5 consecutive weeks. 3. Price opened below neckline today (20/08/2021). 4. Bearish divergence on RSI throughout the uptrend. Bullish divergence at beginning of downtrend. (divergence occurs when RSI contrasts with price moments, suggesting trend reversal) 5. A mini head and shoulder reversal has already occured in the current "Head" of the pattern. Similar pattern is repeating itself. 6. Given above observations, price is likely falling to 2056-1935 levels.This was a previous order block. In conclusion, Hero Motocorp Ltd is a fundamentally strong company. However a better time of entry would be around 2056-1935 levels. Or around 2431, if price only makes a 50% retracement from previous uninterrupted uptrend.
NSE:HEROMOTOCO
by quietlife
Bullish RSI divergence in 45 min & lower tomeframesThe violet line is the RSI plotted on the price chart itself. Yellow circles are the lows of the RSI. Blue circles are lows of the price bars. Once can clearly see that there's an RSI divergence. Price is making lower lows but RSI is making higher lows. IF price closes above 1670 in a 15 min candle : Go long -----target- 1700 If price breaks below 1650: Go short -------target- 1620 . . . Also if one can see...after forming a double bottom..price has given a breakout @10:45 on 30 July
NSE:KOTAKBANKLong
by bhagat109
Multibagger Strike. (Bank Nifty)Time frame: 75 min. 1) RSI divergence. 2) Inside candle. 3) Morning star pattern. 3) Making higher lows. ( in 15 min TF) How to trade: Spot chart- On 29th July if price gives a closing above 34,580 in 5 min candle. Buy *35000 CE of 5th August expiry.* (Current price 224.) SL: 50-60 points ( or < 34520) Target: 35200 Good for Swing trade as well as intraday. Don't hold the position after monday. Position size should be such that even if you SL is hit. You should only lose 2% of your entire capital. One should go with futures if not comfortable with options.
NSE:BANKNIFTYLong
by bhagat109
Cup and Handle on Astron Papers & BOAChart Analysis of ASTRON PAPER & BOA LTD. • Chart Analysis- On the Hourly TF of Astron paper & BOA we can see that stock is moving in the uptrend channel Then making a Cup and Handle pattern which is bullish signal for the stock although we can see Stock given breakout of handle but the breakout volume is very low . so it is possibility of making a small cup then we can see a good volume breakout to achieve our expected targets. We can also see the Positive divergence on the RSI . And on DMI indicator DI+ line is above the DI- line and ADX line is also supporting which is 20+ Entry point- 62 - 63 Short term targets • 65- 66 • 74- 75 Stoploss – • 56 Disclaimer :- I am not Sebi registered Analyst please do your own research before investing .
NSE:ASTRONLong
by sakshamjais1