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Rsi_divergence

BankNifty RSI Bearish DivergenceObserving the BankNifty price chart, we can see that the price is making higher highs while the RSI is making lower highs, indicating a clear sign of RSI bearish divergence. Entry: To capitalise on this bearish signal, we can consider going short once the close of a strong bearish candle is below the weak support level marked on the chart. Stoploss: To manage our risk, we can place a stoploss above the weak support level. Target: Our profit target can be set near the next strong support zone marked on the chart. If you find this analysis helpful, please consider liking and following me for more insights and trading ideas. Thank you.
NSE:BANKNIFTYLong
by vt_trader
2
UPL Double Bottom & RSI DivergenceAccording to the daily chart, UPL has formed a double bottom pattern near a significant support zone. Notably, while the price made a double bottom near the same level, the Relative Strength Index (RSI) recorded a higher low, indicating a bullish divergence in the RSI. Entry:
 We can go long after the close of a strong bullish candle near the support zone. Stoploss: 
We can keep the stop loss below the support zone with some buffer. Target:
 We can keep the target near the next resistance zone as marked on the chart. Please Like & Follow me.
NSE:UPLLong
by vt_trader
4
Good weekly close in NIFTY50(19/06/23).One fall another day a good point make up. Nifty is just around its ATH. Is it going to break past the ATH as Banknifty or will still take time to break through the major level? A very bullish candle and close, on the weekly charts, shows some strength in the market. Nifty has traded stronger and has sustained above 18800 levels. The bullish move is being expected but RSI indicator is showing some bearish divergence on the weekly as well as daily charts. Positional and swing trades should be initiated once the 18770-18900 levels are taken out. Markets have travelled without any serious retest. There are chance of market trapping the bulls. If markets take resistance near 18900 levels and forms a entry, bearish trade can be entered. The market on the daily charts, has formed a upper wick candle but in green. The indecision in the market between the seller and buyer is still to be decided and major levels break out or break down can give big targets. Major Support :- 18770, 18700, 18580 Major Resistance :- 18870-900(ATH) Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
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NSE:BANKNIFTY
by varshilbutani66
Nifty chart studyNifty spot cmp 18333 Elliot wave study Time frame :- 60 mins Index is trading in wave (V) of 5 the wave as per plot is mentioned in the chart. But this can also Turn out to be A-B-C-D-E of wave 4. So till the apex line of triangle is not taken out this would be confusion. Divergence on RSI is the one tool which indicate that this should be wave 5. Price action and ending diagonal are still not matching with wave 5, but as per time if we get back to back 3-4 bearish candle , it would turn out to be the final wave of motive phase and soon corrective phase might unfold. In both scenario, trend line resistance and RSI divergence would play its role at the moment. Going forward, deciding of wave 4 of corrective phase will be difficult task. so just keep watching. If motive phase is on verge to mature than the landing will be crash landing.
NSE:NIFTY
by RUDRA007
neutral to bearish toneVEDL is neutral at the moment with both bullish and bearish signs 1. a long term 600%+ rise - bull 2. 51 % correction from top - bear 3. classic bull divergence between rsi and price - bull 4. minor hidden bearish divergence between rsi and price 5. a down flag/pennant consolidation 6. RSI is in downtrend the price is moving with contracting bases challenging the resistance forming an ascending triangle but it got invalidated by a sharp fall, a sell on rise till the resistance taken out decisively.
NSE:VEDL
by PraffulAgarwal
1
A potential multi-bagger stock (3)After PSU BANKS and sugar stocks rally Its potentially turn for rice stocks and Railway stocks now One can consider NSE:CLSEL CMP-122 Buy above-137 on closing basis TARGET- 155 then ATH+ Stop loss- Breakdown of trendline with below 107 RSI Divergence observed with RSI Trendline formation too NOTE: Stock represents chart pattern similar as shown by GRM Overseas So one can keep accumulation the stock on dips if possible " JUST AN IDEA SO KEEP YOUR RISKS AND REWARDS IN MINDS BEFORE INVESTING"
NSE:CLSELLong
by Paras_gujjar
1
TITAN- Hidden Bearish Divergence SELL!Attached: TITAN Daily Price Chart as of 22nd March 2023 Price has triggered a SELL Signal today on account of the following reasons: 1) Hidden Bearish RSI Divergence as RSI puts in a Higher High but Price puts in a Lower High 2) Price has come back to Retest a Prior Support Zone which now can act as Resistance 3) Dow Theory Structure of Lower Highs and Lower Lows still intact so it is a Down Trend and NO Trend Reversal yet 4) Elliot Wave Count suggest Price is ready to start Wave Z down of its complex correction Our Plan of Action is: Short at Current Market Price= 2508 Stop Loss > 2550 for Downside Target Open to 2270
NSE:TITANShort
by T_Harth