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Rsi_divergence

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 .
NSE:JINDALSTEL
by sakshamjais1
1
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 >>>>>>
NSE:SCILong
by Averoy_Apoorv_Analysis
1
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.
T
by rbasker