PETRONET | RSI divergence - High volatile stock - 10% CMP : 244 SL : 235 Target : 270 1:3 risk reward setup
NSE:KOTAKBANK The stock has been correcting for the last couple of weeks even when the banking index was performing now finally the stock seems to have found some kind of bottom around 1840 levels and has done that along with RSI divergence which makes this move more reliable. As long as the stock hold 1860 levels it can head towards 1911/1925/1955 Ideas...
1) A -ve divergence can be observed on RSI 14. 2) Strong Resistance at current levels.
RELIANCE | Small swing opportunity - RSI making Lower high - Shall we can consider it as hidden divergence. CMP : 1976 SL : 1940 Target : 2120 Simple 1:3 risk reward setup
ITC | Retracement done and looks good to bounce - RSI divergence showing up - 7% CMP : 201 SL : 196 Target : 215 1:3 risk reward setup Ideal to sell PUT option with hedge, but cash pick also safe as it has limited risk.
possible fall and shorting opportunity on bitcusd at 12:50pm indian time rsi regular divergence rsi entry approaching supply zone and previous support
ASIAN PAINT:- buy on dip 2500/2480 sl 2400dcb for target 2800++
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...
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 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% - 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 divergence, looks like it can retrace to 13650 again. CMP : 13760 SL : 13800 Target : 13650
PNB | Getting ready for another rally to almost 30% CMP : 32 SL : 30 Target : 41
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...
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...
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. 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...
EURUSD 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...