after sharp correction in October, HUL consolidating with falling trend line resistance in November-December also shown bullish divergence in RSI.. So, up-move expected from here, wait for trend line breakout
Sumitomo Chemicals seems to be giving a BO on daily charts, volumes are decent, RSO is close to 60. The RSI has given bullish divergence, this can be confirmed with the BO given today of the falling trendline with decent volumes. Disc : Invested, not a reco to buy or sell.
Bearish RSI Divergence on 30min TF for BNF chart today.
JSWENERGY | RSI Divergence + Falling wedge breakout - Looks potential for 25-30% CMP : 300 SL : 280 Target : 370, 400 Almost 1:4 risk reward setup
Bearish/Negative RSI Divergence observed today on BNF 15min chart. Te gap was just 2 candles and hence a steep fall even though the difference in price/RSI was minimal. Power of RSI divergence.
Nifty forms a bullish harami cross with RSI positive divergence.
RSI 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...
1. Reversal from 400 EMA 2. Reversal from Support zone 3. Short term trendline breakout 4. MACD crossover 5. RSI divergence
1. Reversal from 200 EMA 2. Reversal from trendline 3. Short term trendline breakout 4. MACD crossover 5. RSI divergence
1. Reversal from 100 EMA 2. Reversal from trendline 3. Reversal from support zone 4. RSI divergence 5. MACD crossover SL: Previous swing low Target : 1:1.5 R:R
Nifty Pharma shows Double bottom in the daily time frame. Just to double confirm, even RSI is showing positive divergence. The chart is indicating a medium term bullish. SunPharma being the dragger, you can go through the chart of sunpharma. Also, suggest any good stock in pharma if you have any.
Study: 1. Reversal from 200 EMA 2. Reversal from Trendline support 3. Short term trendline breakout 4. Clear RSI divergence 5. MACD crossover ------------ SL : previous swing low Target : 1:1.5, 1:2 R:R
1. Reversal from trendline 2. Reversal from support zone 3. Reversal from 100 EMA 4. MACD crossover 5. Clear RSI divergence
Stock bounced back from 200 EMA, support zone and trend line. Clear RSI divergence happening from 4th November to current high. Also MACD crossover is favoring the movement. I take previous swing low as my SL and follow 1:1.5 R:R. I recomment you to take only 1% of capital risk and trade the script.
Tide 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...
ICICIGI Long (24 Nov) RSI divergence Buy above-1520 SL- 1430 Target- 1609, 1660 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
AARTI IND is showing strength at the blue trendline support and is creating a Bullish RSI Divergence as seen on chart. I will buy when it shows a good bullish candle at the support level.
Why 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...