Sbin looking weak for 567 554 545 And more stops 588 Price has broken rising channel and forms negative divergence at top of trend. Retracement likely till 38.2% to 50%
Nifty 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...
jeera is seemingly In overbought zones and a retracement toward the 42000-40000 zone likely rsi extremely overheated at current zones after that fresh upmove can take place a trading wise bearish move below 45k
SBIN spot cmp 572 120 mins time frame Harmonic Study. Bearish Gartely pattern formation. Reversal confirmation is pending, Bulls need to watch it carefully. Lets See how pattern pans out
RSI breakout done 200 emi resistance gonna be broken. W pattern also made! Looks good to buy for a swing Levels are marked.
SGX Nifty Bearish Reversal (RSI Divergence), Price make Lower high where RSI Generate higher high in Day chart.
VEDL 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...
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...
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...
Hi Traders, Here we have a combination of some indicators where you can get results on any trading chart with triple confirmation. Best scalping strategy in 5 and 15 min timeframe. Test with a 2:4 Risk: Reward ratio. Definitely, you will get the expected results. Thanks Shrikant
Stock traded near Fibonacci premium zone, also ejection candle formed. Also we have captured RSI reversal pattern near premium zone it is good indication to predict Reversal earlier Keep your eyes on volume trend indicator to capture big move.
SBI Life has formed double bottom pattern on daily chart. while the RSI is making higher lows which is sign of RSI Bullish Divergence. Entry: We can go long after close of strong bullish candle near support zone. Stoploss: We can keep stoploss below the support zone. Target: We can keep target near the next resistance zone which will be also the neckline of W...
Nifty50 broken weekly trend line with low volume. The volume might occur when the 17000 range break. if the price does not hold 17000, we can expect good downward move. if the 17000 holds, we can expect small pullback to 17500, if it breaks 17500 level. then bullish trend continues.
Double Bottom Pattern is formed on daily chart while the RSI is making higher lows which is sign of RSI Bullish Divergence . We can take a swing trade here. Entry: We can go long after close of strong bullish candle near the support zone . Target: We can keep the target near the resistance zone which will be also the neckline of W pattern as marked on...
Price 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...
Reliance 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...
Nifty showing Bearish divergence wrt RSI as well as MACD on Weekly timeframe. On Medium term this may signify a bigger correction incoming. Nifty remains a buy in short term.