Get started

Rsi_divergence

Confluence of support in this medical lab stockDr 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 trade as per your own analysis since idea is shared only for educational purposes.
NSE:LALPATHLABLong
by chartistamey
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 TheMamboMomentum
BREAKING up the RSI indicator in real - time learning with tradJoin 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 trading opportunities. I'll share my screen and walk you through my thought process as I navigate the market using RSI indicators to identify oversold and overbought conditions. We'll discuss current market trends and news that could impact our trades. As we go through the session, feel free to ask any questions and participate in the chat. By the end of the session, you'll have a better understanding of how to use RSI in your own trading strategies. Don't forget to smash that like button and subscribe so you never miss a live trading session with me!
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