Divergence spotted in 15 minutes timeframe on BAJFINANCE. . Might be watchlisted for Monday
CRISIL | Channel support / Swing again, looks good for 16% RSI divergence in smaller time frames - attached in comment section CMP : 1898 SL : 1850 Target : 2200 Almost 1:7+ risk reward setup (P.S : This stock has poor volume, hence be cautious about slippage and violant moves)
THYROCARE | Nice retracement and RSI divergence in smaller TF - Looks good for almost 25% CMP : 988 (Can buy upto 960) SL : 930 Target : 1200 Kind of 1:4 risk reward setup. Similar patterns of HCLTECH, TCS
Disclaimer: This is only for educational purpose. SunTv near crucial resistance zone. if break it can head towards 550+ zone, whereas RSI shows a long bearish divergence. We can see a small correction before or after breakout or consolidation before a significant move.
NIFTY | RSI mild negative divergence | Doesn't looks bullish not a great time to short too. Expecting some range bound this week. Lets try Short straddle with hedge it becomes Iron Fly - 17/12/2020 Expiry - Credit Statergy - Defined and good risk reward CMP : 13513 Sell 13500 PE @ 101 Sell 13500 CE @ 108 Buy 13300 PE @ 37 Buy 13700 CE @ 36 Premium collecting...
NIFTY - Welcomes to Wed & Thursday volatility world CMP : 13490 SL : 13515 Target : 13420 I see mild RSI negative divergence and resistance is nearing.
Escorts spot CMP 1380 levels. Elliot wave projection :- Counter is trading around the maturity levels of impulse wave 3. if corrective wave 4 unfolds around this levels price might correct to 38.2 to 50.00% of wave 3. Chart patterns :- Double top formation Double top formation is observed on daily time frame ,, pattern breakdown confirms once the nearest support...
Bank Nifty spot cmp 30460 Harmonic Study Bearish butterfly pattern formation PRR zone :- 30460 to 30560 SLZ zone :- 30610 once sustain for 15 mins above this levels Targets levels :- 29880 and 29640 levels can be seen. RSI :- Price making higher high where as RSI is making lower high, bearish divergence. Good short candidate in PRZ range.
ONGC showing bullish divergence. Buy at that level where smart money is buying. Buy at current levels with targe 75 and the 84.
Kotak bank spot CMP 1870 Bearish butterfly pattern formation. PRZ zone in range 1870-1940 SLZ above 1970 levels RSI divergence :- price making higher high where as RSI indicator is making lower higher, bearish divergence.. RSI is on verge to break down below 70 levels that is from overbought zone indicates profit booking in counter.. Good short candidate.
rising wedge pattern with negative rsi divergence.
Nifty spot cmp 13000 Elliot wave study :- on weekly time frame major elliot wave impulse phase is on verge to mature,, 20 year cycle is on verge to mature,, now if corrective wave unfolds there can be price wise and time wise correction on index.. Wave 1 is of around 5510 points ,, wave 3 is or around 10175 points which is longest and strongest wave of impulse...
Nifty Spot CMP 13000 Elliot wave Study :- Impulse phase is on verge to mature, and if Corrective phase unfold for this whole impulse swing we might see some retracement in coming 1-3 month ,, price wise which can be 0.236% to 0.50% of this whole swing.. more details mentioned on chart.. RSI Divergence :- In last wave of impulse phase , price is making higher high...
NBVENTURES | Strong RSI divergence (Lower time frames), oversold in Daily time frame. Bounce and breakout from the falling wedge can give us 25% CMP : 47.50 (Ideal to enter @ 46.50) SL : 44 Target : 58 or exit near the trendline as it is getting narrow. Almost 1:6+ risk reward setup P.S : Trade with very lite position size as the volume history is not stable...
BANKNIFTY | Looks like losing momentum Aggressive players - Can try shorting near 29550 zone, with small SL. Conservative player can short below the channel. Double Top, RSI Negative divergence - HDFCBANK looks weakening.
CNX Financial Spot CMP 14200 Bearish Bat Pattern Formation PRZ range 13950-14150 SLZ zone 14750 Down side 12500-12000-11500 possible. Any reversal below PRZ zone that is below 13950 would confirm reversal,, Index can see good retracement below this levels once pattern reversal confirms. RSI Divergence :- Price making higher high, RSI making lower high,, Bearish...
Nifty PVT Bank spot CMP 16220. Bearish BAT pattern formation. PRZ in range 16600 to 16950 SLZ zone above 18050 Down side 14500 - 13500 - 12500 possible. 0.886 XA retracement completion around 16950 Equivalent AB =CD pattern completion around 16600 2% BC extension around 16640 levels.. RSI divergence :- Price making higher high, RSI making lower high, Bearish...
Correction in ITC is over.....now ready to fly....RSI is showing bullish divergence. 1st Target 180 2nd Target 200. Please do keep Stop Loss before investing.