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Rsi_divergence

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:TMPVEducation
by MohitKakkad
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