Rsi_divergence
Tata Motors - Extremely Bullish Tata Motors was a downtrending stock since few years but it has changed its trend now. Closing above 200 will see the stock being doubled soon.
It's ready for a huge huge upmove above 200, levels are mentioned on the charts.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades according to this analysis and do your due diligence before entering into this. This is just for educational purposes and not to be considered as a tip.
BAJFINANCE | Simple RSI divergence in 30 min's TF - 7%BAJFINANCE | Simple RSI divergence in 30 min's TF - Looks good for 7% (Attaching 30 min's Time frame chart in comment section)
CMP : 5040
SL : 4940
Target : 5425
1:4+ risk reward setup.
USDJPY good long candidateUSDJPY SPOT CMP 103.33
Double bottom formation with bullish divergence in RSI
Good to go long in range 103-102.80
View gets neglected below 102.5
upside 104-104.5-105 possible
Good long candidate.....
NAVKARCORP | Excellent U turn, looks great for 400% NAVKARCORP | Excellent U turn, looks great for 400% - Don't put more than 5% of the capital. May take few months to year to reach the target.
CMP : 42.30 (Dip @ 32)
NIFTY | RSI mild negative divergenceNIFTY | RSI mild negative divergence, looks like it can retrace to 13650 again.
CMP : 13760
SL : 13800
Target : 13650
PNB | Getting ready for another rally to almost 30%PNB | Getting ready for another rally to almost 30%
CMP : 32
SL : 30
Target : 41
Berger Paint good short candidate.Berger Paints Spot CMP :- 735
Bearish Crab Pattern formation :-
PRZ zone :- 726-738 levels.
SLZ zone :- 760 levels
1.618 XA :- 726 level
2.618 BC :- 738
Elliot Wave Study :- Currently counter is trading in impulse wave 3 of impulse phase.. At the moment wave 3 have extension of 2% of wave 1 which is around 745 levels.. if wave 4 unfolds from this levels retracement till levels of 660-620 possible.
Chart Pattern :- Rising parallel channel , Currently counter is trading around resistance trend line of rising channel pattern,, if unable to sustain around this levels and fall to mid line and lower support line of channel.
RSI :- Price is making higher high and RSI is making lower high, bearish divergence..
Good short candidate.....
Asian Paints good short candidate.Asian paints Spot CMP :- 2650
Elliot Wave Study :-
Wave 1:- First wave of impulse phase, consist of 435 points.
Wave 2 :- Corrective wave of impulse phase, have retraced around
Wave 3 :- Longest and strongest wave of impulse phase, consist of 1170 points , which is 2.618% extension of wave 1..
now if major wave 3 matures around this levels and corrective wave 4 unfolds we can see price retracing to 0.386% of wave 3, price which is around 2250 levels.
RSI divergence :- Price is making higher high. where RSI is making lower high,, bearish divergence.
Good short candidate....
BITCOIN BTCUSD Good short candidate.BTCUSD CMP 23223
Bearish butterfly pattern formation.
PRZ zone in range 24000-24500
SLZ zone above 26000
Down side levels of 18000-16000-14000 possible.
Small alteration in points B is considered,,
RSI bearish divergence seen in last up swing
Good short candidate,,,,,
JINDAL STEEL good short candidate.Jindal Steel Good short candidate.
Bearish SHARK pattern formation.
PRZ zone in range 270-285
SLZ zone above 295
T-bar already formed and gave reversal,, now is sell on rise candidate,,
Best range to go short is 270 to 285,,
Rising wedge formation,, currently counter is trading around resistance line of rising contracting wedge ,,
RSI divergence seen in last 2 swing peaks.. Bearish divergence.
EURUSD Good short candidateEURUSD CMP :- 1.22
Elliot wave study :- Impulse phase for currency is on verge to mature,, resistance around 1.22725 to 1.23000.
If corrective wave unfolds around this levels good retracement in price can be seen till level of 1.20000 to 1.19000.
Rising channel pattern formaiton :- Resistance of mid line of channel around 1.22000 levels might give good reversal trade .
RSI divergence :- Price is making higher and RSI is making lower high, bearish divergence.
Good short candidate.
Divergence @15 minutes timeframe on BAJFINANCEDivergence spotted in 15 minutes timeframe on BAJFINANCE. . Might be watchlisted for Monday
CRISIL | Channel support / Swing again, looks good for 16%CRISIL | Channel support / Swing again, looks good for 16%
RSI divergence in smaller time frames - attached in comment section
CMP : 1898
SL : 1850
Target : 2200
Almost 1:7+ risk reward setup
(P.S : This stock has poor volume, hence be cautious about slippage and violant moves)
THYROCARE | Nice retracement & RSI divergence in smaller TF |25%THYROCARE | Nice retracement and RSI divergence in smaller TF - Looks good for almost 25%
CMP : 988 (Can buy upto 960)
SL : 930
Target : 1200
Kind of 1:4 risk reward setup.
Similar patterns of HCLTECH, TCS
SUNTV : make or break point on 1hr/2hr/1DDisclaimer: This is only for educational purpose.
SunTv near crucial resistance zone. if break it can head towards 550+ zone, whereas RSI shows a long bearish divergence. We can see a small correction before or after breakout or consolidation before a significant move.
NIFTY | RSI mild negative divergence | Sideways?NIFTY | RSI mild negative divergence | Doesn't looks bullish not a great time to short too. Expecting some range bound this week.
Lets try Short straddle with hedge it becomes Iron Fly - 17/12/2020 Expiry - Credit Statergy - Defined and good risk reward
CMP : 13513
Sell 13500 PE @ 101
Sell 13500 CE @ 108
Buy 13300 PE @ 37
Buy 13700 CE @ 36
Premium collecting : Rs.209/-
Insurance : 73/-
Max Loss : Rs.4815/-
Max Profit : Rs.10110/-
1) No adjustment required if ready to accept this small loss of 4815/-
2) Margin required approx 62000/-
3) While exiting in between should exit from all the positions
NIFTY - Welcomes to Wed & Thursday volatility worldNIFTY - Welcomes to Wed & Thursday volatility world
CMP : 13490
SL : 13515
Target : 13420
I see mild RSI negative divergence and resistance is nearing.
Escorts good short candidate.Escorts spot CMP 1380 levels.
Elliot wave projection :- Counter is trading around the maturity levels of impulse wave 3. if corrective wave 4 unfolds around this levels price might correct to 38.2 to 50.00% of wave 3.
Chart patterns :- Double top formation
Double top formation is observed on daily time frame ,, pattern breakdown confirms once the nearest support horizontal trend line is broken and sustained. on breakdown price action matters a long,, there should be large bearish bar formation with increase in volume...
Rising contracting wedge formation :- price trading around the resistance line of rising wedge formation,, in past prices have respected this resistance line and fallen from this levels.
RSI indicator :- Price is making higher high where as RSI is making lower high,, bearish divergence.
Good short candidate..
Bank nifty spot good short candidateBank Nifty spot cmp 30460
Harmonic Study
Bearish butterfly pattern formation
PRR zone :- 30460 to 30560
SLZ zone :- 30610 once sustain for 15 mins above this levels
Targets levels :- 29880 and 29640 levels can be seen.
RSI :- Price making higher high where as RSI is making lower high, bearish divergence.
Good short candidate in PRZ range.
ONGC Bullish RSI DivergenceONGC showing bullish divergence. Buy at that level where smart money is buying.
Buy at current levels with targe 75 and the 84.
KOTAK BANK good short candidateKotak bank spot CMP 1870
Bearish butterfly pattern formation.
PRZ zone in range 1870-1940
SLZ above 1970 levels
RSI divergence :- price making higher high where as RSI indicator is making lower higher, bearish divergence.. RSI is on verge to break down below 70 levels that is from overbought zone indicates profit booking in counter..
Good short candidate.
