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.
Rsi_divergence
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 .
Nifty ITMy Views:
Index made a new high whereas RSI didn't which indicates negative divergence.
It will have to sustain around 29100 and 29280 (0.5 and 0.382 level on fib retracement) before it continues the uptrend
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
RSI Divergence in Cipla!!The price action/behavior in Cipla shows that the buyers are strong and have been pushing the price higher which should result in a breakout . There have been multiple retests on the resistance zone / the supply zone . However , RSI shows a clear divergence or in simple words , RSI is making lower highs . Hence it would not be advisable to take a position in Cipla at this moment . Only if RSI shows and up move with strong buyers , price gives a breakout with good volumes , then only one should go long.
Symmetrical Triangle on Jindal Steel Chart Analysis - In the daily time frame of Jindal steel we can see a symmetrical triangle which is a sign of bullish trend but as we know market is supreme so patterns can be failed, blue arrows on the support trendline shows the re tested levels so possibility of breakdown is more.
we can take a help of indicators like:-
On RSI which shows the negative divergence and at 48 levels.
On DMI indicator DI- line is above the DI+ line and ADX is low means slow momentum in the stock
On Bollinger bands which is stretched now and resisting the 20 EMA line which is again a bearish signal.
Entry point/ short :- 395 - 398
Target 1 :- 369
Target 2 :- 336
Stop loss :- 419
Disclaimer :- I am not a SEBI registered analyst,I can be 100% wrong please do your own research before investing .
Bullish Divergence in Vakrangee Daily ChartThis Stock has been in a down trend for more than six months, now it has shown a RSI bullish divegence. To prove it right, price should sustain itself above 43.50 with good volume. if it successfully sustains above it can go sideways or show some reversal in trend.
Chola finance Good long candidatechola finance wolf wave formation,, with positive divergence on RSI and MACD indicator,, RSI have given breakout from falling trend line and MACD have given positive cross over,, looks like the retrace ment for the counter is over,, good to go long for 10-15% up move,, once breakout is confirmed
Good long candidate
Monthly RSI Divergence based Descending Triangle Breakout✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
Retested the TL .Time for BPCL to go Long BPCL has broken the Long Term TL and has also retested it and the support zone near 464-469. A bullish confirmation daily candle is required to go long. The RSI is also in an oversold position.
The Short Term Hourly chart shows that it is in a Falling Wedge Pattern. So a break above would be a good time to enter the stock for a Medium Term Target of 536.
RSI Negative Divergence in Tips IndiaTips India stock has been having a stellar run. At the moment, the stock is having a negative RSI Divergence at around severely overbought zone. This may result in some cooling off in the rally and that can be a good opportunity to take a position in this stock. Fundamentally, very strong stock.
The next few days price action will tell us if this divergence had an effect or it got sorted out. So any trade decision need to be taken only upon a valid Price Action confirmation.