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Rsi_divergence

RSI Bullish Divergence & contraction of volatility In this setup, I have clearly explained how powerful RSI divergence is but sometimes they don't work is some kind of stocks. In my own opinion, I think HDFC Follows RSI Divaregance & this move fill be a successful move. Observation Price Action -> In the last 5 days narrow range candle has been formed. (Contraction of volatility) -> Positive price channel formation. -> RSI Shows good strength & supports price now. (Signifies that price is strong & no major trend reversal) -> MACD is still below zero but it's still indicating a bullish move. -> Rs 1860 should be the First target as per Fibonacci. / Last three days Delivery % 21 April 2020: 59.86% 22 April 2020: 53.54% 23 April 2020: 46.19% Option Chain ( Expiry 30 April 2020) 1700: Highest OI on Call side. 1600: Highest OI on Put side.
HLong
by abhishek_sh4
2
Completion of Triangular Pattern & Strong RSI Divergence In my previous post, I have shown that NSE: Reliance Industries forms triangular patterns on daily chart. Today Reliance opened gap up & completed its another triangular pattern. (Black dotted lines) This Gap will be filled as Reliance never leaves a gap unfilled. RSI gave a bullish divergence in mid-march 2020 which lifted Reliance by more than 55 %. Currently, there are two possibilities: 1.) Reliance moves back to the previous price channel - Parallel channel. (Red Lines) -> As RSI has given a breakout of 60 zone. 2.) Reliance may move to lower levels (R1 @ 1362) & fill the gap. -> Low Delivery (23.26 %) --> Option Chain 1300 - Support 1400- Resistance
NSE:RELIANCE
by abhishek_sh4
2
The stock may meet immediate resistance at 1340 levelsA decent move was noticed in Larsen & Turbo this week. The prices closed above a previous swing, RSI has moved into neutral zone from a bearish area while MACD has moved above zero level. These point towards strength in the counter, with expectation on infrastructure expenditure allocation in budget a up move may be triggered in the stock. The stock may meet immediate resistance at 1340 levels, price action needs to be watched there. Above which the stock may move to 1420, 1450 levels. While 1345 -1330 may provide support to the price below this the stock may fall to 1290 – 1270 levels.
NSE:LTLong
by BharatJhunjhunwala
!!CAUTION!! IN NIFTY INDEX PLEASE NOTE:- THIS IS A VIEW ON NIFTY INDEX NOT A SUGGESTED TRADE SINCE I DON'T TRADE WITH MONTHLY POSITIONS !!CAUTION!! IN NIFTY INDEX -AS WE SEE THERE IS A CLEAR DIVERGENCE IN NIFTY INDEX ON MONTHLY CHART -MOMENTUM INDICATORS ARE LOSING MOMENTUM -CLEAR "DIVERGENCE" IS VISIBLE ON THE INDEX MONTHLY CHART -WE HAVE CLEARLY HIT RESISTANCE ON WEEKLY CHART -DAILY CHARTS ARE SHOWING SIGNS OF REVERSAL TRADEVIEW :-I SEE FURTHER WEAKNESS :-SINCE HOLIDAYS ARE APPROACHING NEXT MONTH I SEE LESS INSTITUTIONAL ACTIVITY :-MONTHLY CHART DIVERGENCE IN PRICE AND RSI INDICATOR SHOWS BRUTAL DOWNSIDE :-I HAVE STARTED TO ACCUMULATE NIFTY 26TH DEC PUT OPTION OF 12000 STRIKE PRICE(IN THE MONEY RIGHT NOW) TRADE IN ACC. TO NIFTY SPOT RATE (PLEASE ADJUST FOR FUTURES) SHORT @11950-11980 STOP @12100 TARGET 1@11820 TARGET 2 @11680 MORE TARGETS WILL BE VISIBLE AFTER THE ABOVE TARGETS ARE BREACHED
NSE:NIFTY
by manavtechresearch
PVR trend HIT or FLOP! At important support!PVR: The stock is in uptrend trading above the kumos. Now at an important pivot the stock ha managed to form a bullish candle. The RSI retraced and took support near the 40 levels which serve as bullish momentum support zones. The MACD is almost into a neutral zone. A channel breakout from the levels may re assert bulls in the stock & PVR may move up further in the short term. Download PRORSI Trading App for high probability trading ideas. Available on Play Store and IOS App Store.
PLong
by BharatJhunjhunwala
HERO MOTOCORP: Losing Trend Strength? HEROMOTOCORP: The stock has been into tight sideways consolidation since few week. The whole auto sector picked up, leaving behind hero motocorp. In todays session the price broke away from the kumo. Even on the weekly charts the price is below the kumo. RSI is into 60 – 40 zones, displaying no signs of strength as of now. To establish strength Heromotorcop needs to display strong price or momentum moves, failing to do so may intensify selling pressure. A strong close above 2750 may save the stock! We have launched “PRORSI” Trading mobile application providing you the best trading ideas. Download now from Play store or IOS.
NSE:HEROMOTOCO
by BharatJhunjhunwala
BHEL: Range Shift Bearish to Bullish?BHEL: After a former failure breakout attempt from the clouds, today’s session made an reattempt to breakout. The RSI is into a bullish zone and also managed to form a PR on the daily charts just near 60, indicating strength. The TK is pointing up with MACD above zero indicating bullish strength in the move. As long as the stock stays above 50 the trend up can be considered safe. We have launched “PRORSI” Trading mobile application providing you the best trading ideas. Download now from Play store or IOS.
NSE:BHELLong
by BharatJhunjhunwala
PIDILITIND Still sticking to the trend?PIDILITE INDUSTRIES: The stock has recently rendered itself into sideways moves. The prices on the daily charts have drifted below the KS & TS lines, moving towards lead line 2 where it may find support. Breaking below it will not be favorable for the stock in the short term. It may further fall down to 1295 thereafter 1195. The momentum indicators are indicating weakness. . Our “ProRSI moblile trading application has been launched on Play Store and IOS, get high probability trading ideas in equities, futures and options. Download Now.
NSE:PIDILITIND
by BharatJhunjhunwala