Short Sell ACC Btwn 1650-1750 With Stoploss 1970 For TARGET 1350 Acc Facing Hurdle Near Reesistance Price 1750 Revers From Channle Range Major Resistance Line Now Running #ACC Strrong #BEARISH Divergance Directional View Rsi Clearly Showing Down Trend or Price Going Up Unexpacted. Overall Midium Term Trend Is Down For Support Test 1350.
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Rsi_divergence
Bata : -ve candlesticks & bearish rsi divergenceBATAINDIA has made -ve 3Star Candle Stick Patter with Bearish RSI Divergence, seem like after burning many hands its thinking to go short.
Entry : Strong Closing Below Red Line
Stoploss : 1430 (Closing Basis)
Basic Target: 1330
if you have any queries regarding above idea or any other stock feel free to D'M
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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.
Ruchi Soya - Beaten down business Can it turn around by a possible acquistion? - Long term monthly charts show significant divergence.
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.






















