Get started

Rsi_divergence

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
HDFC Life Double Bottom RSI DivergencePrice has formed a double pattern on daily chart. while the RSI is making higher lows which is clear sign of RSI Bullish Divergence. We can take long trade. Entry We can go long on open of next candle. Target Target 1 will be the nearest resistance zone which will be also the neckline of W pattern as marked on chart. Target 2 will be next next resistance zone after the neckline of W pattern is broken as marked on chart. Stoploss We can keep stoploss below the double bottom support zone. Please like & Follow me.
NSE:HDFCLIFELong
by vt_trader
5
Reliance Double Bottom & RSI DivergenceReliance has formed double bottom pattern on daily chart. While the RSI is making higher low which is clear sign of RSI Bullish Divergence. Entry We can go long on open of next candle. Target Target 1: We can keep our 1st target at the nearest resistance which will also the neckline of the W pattern as marked on chart. Target 2: Once the 1st target is achieved & price gives breakout above the neckline of the W pattern 2nd target will be the next resistance as marked on chart. Stoploss We can keep stoploss below the support zone. Please like & Follow me.
NSE:RELIANCELong
by vt_trader
6
KotakBank Double Bottom RSI DivergenceDouble bottom pattern is formed on daily chart of KotakBank. RSI is making higher lows which is sign of RSI Bullish Divergence. Entry We can go long after close of strong bullish candle near 2nd bottom. Target Target 1 - will be the next resistance as marked on chart. Target 2 - After 1st target is achieved and price breaks above neckline of W pattern then 2nd target will be next resistance zone. Stoploss We can keep stoploss below the double bottom support zone. Please like and follow
NSE:KOTAKBANKLong
by vt_trader
4
#Godrej Property, low risk high reward setupGodrej property is looking good to me for low risk high reward setup. In weekly TF price is taking support in the price range of 1133-1150 and RSI is making positive divergence which can help this counter to go up to levels of 1) 1188 2)1200 3) 1215 4) 1221 5) 1240 SL 1110. I will be looking for long entry around 1118-1133 price band. Only thing which is cause of concern for me is head & shoulder pattern and in case of breakdown I need to be ready for initiating short positions also.
NSE:GODREJPROPLong
by ssudhirsharma11
4
WIPRO LTD (Triple Confirmation Strategy)This study is to show the importance of a simple Triple confirmation Strategy in WIPRO that has generated a good return in the past and currently shows the same confirmation. 1. 200 Weekly Moving average – the stock must have tested the 200 Weekly Moving Average. 2. Rate of Change must be above 1 3. RSI must be at or above 50 or marginally lower. In the Past: Week starting 5th Aug 2013 with the same confirmation, the stock rallied 56.39% .Week starting 14th March 2017 with the same confirmation, the stock rallied 32.54% .Week starting 20th Aug 2018 with the same confirmation, the stock rallied 43.21% .Week starting 6th July 2020 with the same confirmation, the stock rallied 232.44% Currently: Wipro shows the very same 3 confirmations on Weekly chart, it has tested the 200 Weekly Moving Average and taking support beautifully. -ROC is above 1 -RSI is very near to 50(Exaggerated Divergence Pattern Formed) So it can be hoped that the stock is going to perform good in the weeks to come .The targets would be 449(Support & Resistance zone) next would be 535. Stop Loss very strictly below 375. CHART & ANALYSIS ADARSH DEY
NSE:WIPROLong
by AdarshDey