My 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.
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...
Good set up in reliance,, good to go long around this levels...
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...
This 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.
NSE:UFLEX Breakout above 490 with highest volumes ever. Target : 706-843-1064 Time frame : 3-12 months SL : 455 Golden Cross Over very bullish signal RSI in strong zone.
Voltas wolf wave formation with positive divergence on RSI and MACD,, MACD on verge to give positive cross over,, Counter can give 7 to 10 % up movee Good long candidate,,,,
chola 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
Nifty short Continuously taking support at 20 day EMA (indicated in Red line ) RSI divergence clearly visible Sell below 15675 SL- 15900 Target- 15400, 15100 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Price at trendline support with RSI divergence. CMP: 3022 SL: 2960 Target: 3250++
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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.
Daily channel break with good volumes. RSI breakout. CMP: 649 SL: 620 1st target: Recent ATH of 679 2nd target: New ATH of 710 ~ CA Shubham Kothari
Tips 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...
Possible Descending Triangle formation with Lower Volume. Rsi Hidden Bullish Divergence visible. At good support level. Could reach top of channel after breakout. Follow for more.