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Rsi_divergence

Science Backed by Data[Nifty Series]: looking bearishGood Evening Friends, Nifty looks to be showing making top at 10600 levels. If Monday shows a negative closing, it will confirm evening star which usually gets formed at top and looks for bearish reversal(on daily charts). Looking closely at 15 min chart, it RSI shows negative divergence on 3rd July closing. For Trend to reverse nifty will need to go and test 10215 and close below that. Immediate support is 10400. Don't Create long positions for very long duration, most stocks looks tired and ripe for immediate correction. Pls support with likes on the idea.
NSE:NIFTYShort
by SiddRidd
13
Ambuja - Showing strengthGood strong recovery, a triangle pattern on the daily chart, stock at resistance, a very strong green candle on Friday breaking and closing above the triangle pattern, bullish RSI divergence, economic activity commencing leading to spurt in pending infra projects being taken up on priority... how many more reasons do we need to enter the stock if not already done. Go long above 194.85 for an immediate target of 205 where there are multiple resistance points. Once that is taken out, the stock can quickly head to 217.50 .... SL 188.00
NSE:AMBUJACEMLong
by s.arun.natesh
Tata Motors driving down?Long term perspective Further down side expected in Tata Motors Basis:- 1. 5 day SMA below 20 SMA indicating downtrend 2. RSI on monthly and weekly chart below 40 3. Negative reverse divergence indicated by RSI forming higher bottoms and the chart forming lower bottoms (marked with black arrows) 4. Good red volumes The chart in the post is candlesticks. Reverse divergence can be better seen on the line chart. Do follow, like, share if you like my post Simple analysis. NSE:TATAMOTORS
NSE:TATAMOTORSEducation
by MohitKakkad