NBVENTURES | Strong RSI divergence,falling wedge can give us 25%NBVENTURES | Strong RSI divergence (Lower time frames), oversold in Daily time frame. Bounce and breakout from the falling wedge can give us
25%
CMP : 47.50 (Ideal to enter @ 46.50)
SL : 44
Target : 58 or exit near the trendline as it is getting narrow.
Almost 1:6+ risk reward setup
P.S : Trade with very lite position size as the volume history is not stable in this script.
Rsi_divergence
BANKNIFTY | Looks like losing momentumBANKNIFTY | Looks like losing momentum
Aggressive players - Can try shorting near 29550 zone, with small SL.
Conservative player can short below the channel.
Double Top, RSI Negative divergence - HDFCBANK looks weakening.
CNX FINANCIAL good short candidateCNX Financial Spot CMP 14200
Bearish Bat Pattern Formation
PRZ range 13950-14150
SLZ zone 14750
Down side 12500-12000-11500 possible.
Any reversal below PRZ zone that is below 13950 would confirm reversal,, Index can see good retracement below this levels once pattern reversal confirms.
RSI Divergence :- Price making higher high, RSI making lower high,, Bearish divergence, RSI overbought ..
Eliot wave :- 3rd Impulse wave of Impulse phase is on verge to mature,, wave 3 have extended around 2% of wave 1.. as per theory wave 3 can be around 1.618,,2,,2.618 % of wave 1,, If Corrective wave 4 unfolds from this levels we can see retracement of 0.236 to 0.382% of wave 3.. Price wise which can be around 12500 to 12000 levels.
Nifty pvt bank good short candidateNifty PVT Bank spot CMP 16220.
Bearish BAT pattern formation.
PRZ in range 16600 to 16950
SLZ zone above 18050
Down side 14500 - 13500 - 12500 possible.
0.886 XA retracement completion around 16950
Equivalent AB =CD pattern completion around 16600
2% BC extension around 16640 levels..
RSI divergence :- Price making higher high, RSI making lower high, Bearish Divergence.
RSI overbought ,,if breaks below 80 levels and prices reverses from PRZ zone good retracement can be seen in Index..
Price trading above rising trendline indicate overbought as per price action..
ITC is the fall over and accumulation startedCorrection in ITC is over.....now ready to fly....RSI is showing bullish divergence.
1st Target 180
2nd Target 200.
Please do keep Stop Loss before investing.
NIFTY | Looks like downside is limitedNIFTY | Looks like downside is limited
I see RSI divergence is starting to occur in 15 min's time frame. Be careful if you are shorting.
CMP : 12740
NIFTY | Waiting for something bigNIFTY | Waiting for something big ❤
2 Hours time frame - only concern to go long is RSI divergence in 30 min's and hourly time frame now.
Hindalco good short candidate.Hindalco spot CMP 214
Elliot Wave Study :- Counter is trading in 5th impulse wave of impulse phase,, soon corrective phase might unfold and price might see good retracement of current up trend.
Chart Pattern :- Rising channel pattern, counter is trading around resistance line of rising channel pattern.. prices may face resistance around this levels .
RSI divergence :- price is making higher high from peak of wave 3 to peak of wave 5,,while RSI is making lower high.. Bearish Divergence..
Resistance and Support :- Around 220 levels counter have faced resistance multiple time,, at the moment counter is trading around 220 levels,,
Good short candidate..
BALKRISHNA INDS good short candidateBalkrishna spot cmp 1555
Bearish equivalent ABCD pattern formation
PRZ in range 1580 to 1600
Trade to be initiated only after reversal from prz zone
SLZ above 1640 levels
Down side we can se 1480--1450--1410 levels
RSI divergence with Trendline BreakoutExpecting more bullish move if price breaks above 1.31800 (61.8% levels).
For Study Purpose:
RSI divergence between the two swing lows created on 21-Sep & 23-Sep, indicated a trend reversal. After this price broke the downside trendline & started moving up.
Also respected the major Support line.
pnb longpunjab national is a long candidate with 26 sl for higher side trail targets with rr in favour with dual bottom and rsi +ve divergence
DABURDabur :- 535/540 above target 560/70++ sl 505 dcb
#Disclaimer:-I just shared view for only educational purpose.
tataconsumer _long set upTata consumer has completed 3rd wave and will move upward towrdas 500 level. there is positive divergence on MACD as well as RSI. expected to touch 395
for education purpose only
negative divergance in HDFC bankDivergence is only a warning sign not a signal to a trend change, confirm the second indication mainly from price.
RSI Divergence on daily & weekly chart in Nucleus SoftwareWill this be a correct example of RSI Divergence?
Hidden Divergence RSI / PriceHIdden Divergences in Established Uptrend / Suspected Re Accumulation Are usually Good bets....
Indigo good short candidateIndigo spot cmp 1350
Bearish bat pattern formation
PRZ zone in range 1430-1455
pattern gets violated above 1540 levels
As per elliot wave counter is on verge to complete its impulse phase,,
once corrective phase unfolds,, we can see sharp fall in counter,,
Rising channel resistance around same range would act as good resistance
Price are making higher high and RSI is making lower high,, bearish divergence
Good shorting candidate
Grasim good short candidateGrasim
Bearish bat pattern formation,,
good short candidate,,
details mentioned in chart...
Dabur India - Sell on Monthly ChartDabur India is making higher highs but RSI is not supporting it and there is a good RSI divergence on monthly chart. Mostly likely to give a good fall on Monthly Charts.
AUDUSD LONGAUD/USD IS TRADING AT SUPPORT LEVELS
RSI IS ALSO SHOWING BULLISH DIVERGENCE
IT CAN BOUNCE BACK TO TEST 0.71100 LEVELS
ONE CAN GO LONG AT CURRENT MARKET PRICE WITH STOPLOSS IF 4H CANDLE CLOSE BELOW 0.69900
Educational - Bullish RSI divergence in MGL in 15 min TFBullish RSI divergence happens when:
1. RSI is going higher
2.Price is making new lows
This denotes the weakness in strength of downtrend, making a potential for uptrend.
EXIDEIND | W Pattern & RSI DivergenceEXIDEIND | W Pattern & RSI Divergence - Despite huge broad market selling pressure i see this stock is having good risk reward for long.
CMP : 154
SL : 150
Target : 168, 175
1:3.5 Risk reward
(P.S : Have shared atleast 110+ charts in tradingview community and i used to put a google spread sheet link where i have the records analytics i post with the live status. But due to tradingview rule they removed all my charts all of a sudden. Hence i lost almost more than 65+ charts shared earlier. However i will continue to share the charts in future without link by abiding to the platform rules.)
Those who wants to track those calls just message me through the platform.
