Rsi_divergence
United Phosphorous Ltd Intra-day Trading (Sell) opportunitiesNSE:UPL
TRADE ANALYSIS
This stock is very bullish and making new highs, the stock had created higher highs, However in the last 30 minutes trading session it closed below 20 Moving Average (MA) and below volume weighted average price (VWAP) with a strong bearish move and a negative RSI Diversion which means that the stock is losing its momentum and might touch its deep retracement zone.
POSSIBLE SCENARIOS
1) If Market opens sideways- and touches the price of 842 also making any bearish pattern or price rejection from 842 zone then look for confirmation candle and sell, put stop loss at 847, take profit at 823.
2) If market opens Gap Down- check for the 15 mins bearish candle then straightaway sell and put stop loss above 15 mins candle take profit at 806 or according to your risk to reward ratio.
3) If market opens Gap up- Do similarly like sideways market.
NOTE: In case the market opens gap up above 842 price then I would recommend not to trade UPL LTD.
ALPHAGEO ( RSI Divergence on Weekly Time Frame )ALPHAGEO has a very small market cap of 153 Cr .
So please be cautious this stock can give violent moves
Wait for a decisive breakout above 260
Price is respecting resistance of 240
This is the 7th time price is at resistance
Looks resistance is weakening up might give breakout
SL 200
TP 360/450
We can see RSI divergence long term RSI is getting stronger but the price is still at the same levels
Also, the insider is buying that also gives confidence.
JK Lakshmi- BO of Ascending Channel, at ATH, can do +40% moreNSE:JKLAKSHMI
Breakout of Ascending Channel Pattern with Huge Volume
CMP at All Time High
Possible Upside : 40%++
Next Levels : 682 & 800
SL : 450
Golden Cross Over confirmation signals very Bullish Trend Ahead
Part of the #NiftySmallCap100 Watchlist to participate in Rally
XRPUSDT Quant box strategyIt seems the asset class is sideway in 4 hours chart. I have created a Quantbox, based on the volume accumulation and distribution which is clearly showing that XRPUSD is trading between USDT1.4468 to USDT1.3412, and created a narrow channel of the range around USDT 0.1.
MFI has also got arrested into a box channel which is creating a coil channel movement.
Interestingly volume has decreased drastically in this chart.
The above observations bring these conclusions below...
New Volume addition is required for the movement of this crypto Asset to move either way.
Arrested Price must follow the arrested MFI at the time of Breakout or this asset will not get any direction.
interestingly RSI is in an indecisive situation expecting some help from MFI to inject some Beta to start moving.
Now, if the direction is uncertain, what is certain then! We can speak about the probability of profit. I am expecting at least USDT 0.1 multiplier movement in either direction for the short-term traders. Stoploss can be another side of the Quantbox.
So, trade safely...
BHEL - Inverted Head & Shoulders + DivergenceAn Inverted Head and Shoulders pattern broke out and retested itself inside a bigger Inverted Head and Shoulders Pattern.
The same move is expected on the bigger pattern as well.
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Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
Maruti near long term supportMaruti has already retraced more than 38% from the top. Long term support zone at 6450-6400 which it held in two occasions in last few months. Short term support seen at 6250-6300 levels which can be treated as the stop-loss zone. RSI divergence is prominent in the stock.
Idea: Buy Maruti around 6400-6450 range with a a strict stop loss of 6250-6300 zone.
HDFC BANK good short candidateHdfc bank spot cmp 1430
Sell on rise candidate
Currently counter is trading in corrective phase , impulse wave B of corrective phase,,
Wave C might unfold from levels of 1450 or from 1490 levels,,
Wave C might extend to levels of 1250-1200..
View gets negated above 1500 on closing basis..
Head and should pattern formation have right shoulder peak around 1460-1480 levels,,
From there it might take turn towards neck line which is around 1360 levels,,
Bearish divergence on RSi,, RSI facing Resistance of falling trendline,,,
Good short candidate...
Grasim good short candidateGrasim spot cmp 1445
Strong resistance seen around 1460 to 1470 levels
2 times price rejection around same levels,,
On verge to break rising trend line support
RSI bearish divergence indicates weakness at higher levels,,
Rising wedge formation,,
Counter is ready for 5-7-10% crash,,
Good short candidate..