While many TV analysts are still pretty bullish on the steel sector due to global factors on steel, I believe we could witness a small/medium correction in the days to come although the overall picture is still very bullish. I see long Bearish Divergence. I have broken down the major divergence into smaller blocks and as seen in the chart every time a bearish...
Bank Nifty is standing at a crucial resistance zone , but what makes it even unique is that in last trading session we witnessed a Bullish RSI Divergence which gives it a high probability to breakout!
Tata steel spot cmp 820 Daily time frame Deep crab pattern formation,, Bearish pattern violation above 833 on hourly closing basis Bearish divergence on RSI indicator Good short candidate
Trade level and reason given in chart
RELIANCE | Small swing opportunity in lower time frame CMP : 2028 SL : 1960 Target : 2216 1:3 risk reward setup. Pros : Risk reward is good W Pattern, Taking trendline support in daily time frame. Positive RSI divergence Cons : It also deceiving my eyes with Head & Shoulder pattern
Positive divergences in both the RSI and MFI at the bottom of the Parallel Channel. Reversal just at the 200 EMA adds on to the conviction.
Simple Price Action With a bullish divergence in both the RSI and MFI, I expect the stock to touch 17 sooner than later.
WIPRO price expected to touch down between 368 and 372 and then bouch back. #StockMarket #Learntogether #NotforRecommendationtobuysell
Divis spot cmp3330 Bullish Bat pattern formation bullish divergence on RSI Good demand zone around pattern maturity levels,, Good long candidate...
RSI failed to make a new high when prices made a new high. This indicates a possible change in trend (or the current trend is becoming weak) which we can observe here.
The uptrend strength has weakened, may just be the start of a short bearish trend. Let's see...
HDFC | RSI divergence - Good swing opportunity 15% CMP : 2495 SL : 2455 Target : 2900 Almost 1:10 risk reward setup
BANKNIFTY | RSI divergence - can we see 1000 poinits? (Risky trade opportunity) CMP : 34450 SL : 34200 Target : 35500
Bajaj auto spot cmp 3580 Bullish Deep Crab pattern formation Bullish divergence on RSI indicator Wait for price reversal confirmation on hourly candle Targets 3666-3777-3888 Good long candidate
Clear divergence visible on TataSteel Weekly chart. Although rsi could take some time to correct it. Follow for more.
Asianpaints spot cmp 2362 Bullish Gartley pattern formation on daily time frame. PRZ 2275-2310 SLZ 2250 Bullish divergence on RSI, Support of demand line,, Good long candidate..
Acc spot cmp 1860,, Bearish Wolf wave formation,, Price rejection around supply line of rising wedge Bearish divergence on RSI.. Good short candidate