Short on Berkshire Hathaway Inc.Bearish Divergence on Monthly time frame and break of trend line confirms the short setup.
NYSE:BRK.A
Rsi_divergence
Bearish Divergence in Nifty Monthly ChartNifty clearly showing bearish Divergence.
Look out for more downfall in coming 2-3 months.
#crashisnear
UPL - Trend AnalysisUPL is looking for some upside. Positive divergence on RSI Indicators are there. Rest Everything mentioned in the charts.
HDFC LTD LONG POSITION SETUP 21.08.2018HDFC LTD trading at spot price of 1920.05 as on 21st Aug 2018.
After reaching its 52 week high around 2050 levels on 30th July 2018, the stock made a strong pullback and then firstly took support at EMA 50. Post that, a short bounce has been seen which is not well sustained and the price dragged towards below 100 EMA and made a low of 1881 on 17th Aug 2018. On Monday i.e on 20th Aug 2018, bulls took the full control and closed well above 100 EMA which is seen as strong support. Also the price managed to close above the short term momentum 5 EMA.
If we see the price structure, Higher lows are formed, while RSI formed lower lows which indicates hidden bullish divergence. Illustrated in the chart – red trend line. (You can right click and save image for bigger view of the chart).
Considering the above points, stocks seems bullish. We are expecting a short term/intraday target of 1934/1939. If the price manages to trade above 1942, Targets can be 1970/1980/1990. While stop loss shall be maintained below 1880 which is the swing low. The probability is high with a decent risk reward ratio.
Keep trailing your stop-loss once in profit.
Please note that views shared here are personal and for educational purpose. Please consult your own financial adviser before taking any trade.
Please post your queries in the comments section.
Happy Trading!
Apollo Tyre - ABCD in Progress At Support Zone.At Support Zone.
AB=CD in progress.
EMA Support.
Targets will be updated later.
AB=CD Target 311.
Below 257 pattern failure.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Max India trying to bottom outMaxindia is trying to bottom out. Weekly positive #divergence in #RSI observed since April 2018 as prices made lower lows (last low of 68.75 in June 2018). Today's daily #candle made low of 75.30 and closed at 83.05. Will get interesting if it closes above 88. #watchlist
ICICI Pru Life : Horizontal Support AreaNSE:ICICIPRULI ICICIPruLife is trading near support area of 360-365 from where it has bounced two times in past one year, same is visible in above chart. We are expecting similar kind of bounce back from these support zone and risk reward is favourable. RSI is showing upwards divergence on daily charts.
We are recommending strong Buy around 373-376 with Stop loss of below 360 (Closing basis) for Target of 410-440 in next 10-12 weeks.
Big W Reversal with Bullish Divergence !Stock has formed big W reversal pattern and showing bullish divergence therefore it looks good for buying at this level. It has broken the short term trend line and RSI (14) is also healthy above 50. One can buy the stock now for a target of 4000 in due course by providing suitable SL.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Demand Zone / RSI_Divergence/ Volume /Bullish Engulfing It is observed that at current level demand emerges and price bounces back. It has formed a bullish Engulfing candle and RSI is also showing divergence. The stock is in downtrend and is still in oversold zone but still one can try a long here by roviding reasonable SL. Increased Volumes at bottom also confirming the long decision. Pharma stock has shown a good rally yesterday so the momentum may continue for coming trading session.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trader Vic's 2B/RSI Divergence The stock has formed 2B reversal pattern with RSI divergence. It has already formed 5 pivots which suggests a possibility of reversal. RSI is back from oversold zone. One can buy the stock for a target of 83.50 * lucrative 10% appreciation *. Recent low should protect the trade as SL.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
INDUSIND BANK HEAD AND SHOULDER PATTERN FORMATIONNSE:INDUSINDBK Head & shoulder pattern formed on daily chart. Support levels have been indicated.
Disclaimer: Consult your financial advisor before investing.
Ruchi Soya - Beaten down business Can it turn around by a possible acquistion? - Long term monthly charts show significant divergence.
$GE Ripe for a bounce back- $GE is ripe for a bounce back towards $19 from the 61.8% Fibo retracement level
- RSI (weekly) is in O/S state and exhibiting positive px/momentum divergence
Time to be CatiousJust like BitCoin Bubble, Ripple is sending same negative signals.
We can clearly notice the Volumes are dropping and RSI negative Divergence.
Book your profits at right moment
RIPPLE GOT FUELEDI can see Clear RSI Breakout in 3 Hour Chart
Looks Like Ripple got Enough FUel to drive more.Enjoy the show
Accumulate "Wock Pharma"As we can see that prices were in corrective mode since long time and it has been rising since couple of weeks. On weekly charts prices has tested the lower band of triangle and started recovering from bottom. Rsi Divergence also suggest that there is strength in Market and looks good on bottom of the chart. I do expect that if someone want to accumulate they can use 530 as their Stop loss while they can wait till higher band of the chart.
1100 very good multipule supportfollowing two technical indicators:
BOLL band might show a Outside Inside pattern
RSI Positive divergence NSE:ASIANPAINT
UPL At Make or Break at TrendlineUPL is at Trendline Support Expecting Bounce from here towards 766
Stop Can be Maintained Below Days Low
LIC HOUSING - Bullish RSI Divergence at Support ZoneIt has been observed that the price action trending in a down rally but now indicating a reversal due to Bullish RSI divergence, where RSI forming higher high and price action forming lower lows. Now, it shall further move up to the bigger downward trendline at around 640 levels.
T1- 610
T2-630
SL-572
NIFTY (W) Nifty has been galloping at a fast pace over the past few days . The steady support offered by the lower channle of the Pitchfork does augur well for the broader idex as a whole. However we note that the rise has now tread into 1.618 of the recent pullback and hence some profit booking may emerge. The best approach hence would be to book some profits if the Nifty does not hold the first 30 minute range for the day. WHile the prices are heading higher the momentum is heading lower thus cautioning us for the trends ahead. An interesting time in Nifty is unfolding in November.
