Dr Lalpathlab has corrected significantly post its all time high of around 4200. As seen on the chart, the stock is standing on a crucial support trendline and also has recently bounced from its strong demand zone in weekly time frame. RSI positive divergence can also been seen in the chart. This stock can touch levels of around 2330, 2600 in medium term. Kindly...
Canara Bank (CANBK) is showing bearish divergence with momentum and price which means that upmove is losing it's momentum How can i say this ? Because Prices are rising and momentum (RSI) is not rising in the given direction which shows lack of strenght, doesn't mean it cannot move upwards but the probability of moving down is more. This view can help us,if not...
Bajaj Finserv has formed a Double Bottom pattern, while RSI is making higher lows which is clear sign of RSI Bullish Divergence. Entry: We can go long on open of next candle. Stoploss: (Never trade without a stoploss) We can keep stoploss below the double bottom support zone. Target: We can keep the Target 1 & Target 2 near the next resistance zones as marked...
Price is near 200 EMA on the weekly timeframe along with the resistance of January 2021. On a daily time frame, it is showing Bullish RSI divergence. CMP - 383.65
Banknifty future currently in broader range that is 43300 and 44100 and narrow range being 43500-44000 MACD and RSi given positive diversion. POC is near 44000 which acting as magnetic level. Shorters should stay cautious... as lower levels getting rejected till now
Observing 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...
According 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...
Sell Canfin Homes below 730 target 724, 719. Reason for Sell, RSI has become weak also have tested 732 level 4 times so the level has become weak, close below 730 will give downside move to 724,719,709. Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
While observing Nifty 1 hour chart today, found out that price is making higher high & higher low structure where RSI is making lower high which is sign of Divergence. Who will win this tug of war between bulls and bear??
LOOKS GOOD FOR LONG POSITION WITH A SL OF 1370 Reasons: - Wolfe Wave formation - Wave 5 Taking immense support at Golden ratio of 1.618 ( Retracement of Wave 4 ) - Exaggerated Divergence of RSI - ADX Reversing Downside from 44 - Risk to Reward Ratio is Fantastic Target would be 1483 and above it will lead to 1611 CHART & ANALYSIS Adarsh Kumar Dey
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...
seeing potential reversal in bank nifty purely based on RSI DIvergence THeory aiming for targets - 43630, 43555, 43230, 43050 a close of 4 hour candle below 43940 will trigger the sale for more safer entry gud luck to ones who will enter based on my view disclaimer - trade @ own risk
NSE:APOLLOTYRE is making a higher high whereas RSI is diverging by making a lower Highs. If taken a trade, In my opinion if RSI crosses below the support line one must exit the trade and take out profits
RSI Diversion seen on Weekly Nifty chart. There could be profit booking in coming days. Stay light on long side.
Im not marking any levels here just to check this IPO company gives a reversal or not. Lets see in few days. If price crosses 200 MA then we buy and trail. Hoping for the best
Join me for a live RSI stock market trading session wherewe'll be using the Relative Strength Index (RSI) to analyze market trends and make informed trades. This is an interactive session, so feel free to ask questions and share your thoughts in the chat. I'll also be sharing my thought process inwe'll analyze real-time data and make informed decisions on the best...
both side potential avoid first 15min breakout wait for 15 min candle closing targets are marked follow risk management do your own analysis do workout do meditation start reading book
both side potential avoid first 15min breakout wait for 15 min candle closing targets are marked follow risk management do your own analysis do workout do meditation start reading book