Rsi_divergence
RSI Divergence: Apollo TyresIn NSE:APOLLOTYRE the stock was making Higher highs whereas RSI was making lower highs creating the divergence. The stock yesterday closed below the trendline and so did the Rsi. The target for the same will be the immediate support that is also the channel line of the stock.
* It is my analysis and not a buy or sell recommendation.
BULLISH on INDIAMARTNSE:INDIAMART
The price has given a breakout from the channel pattern. The breakout is with good volume. The MACD is bullish and RSI is above 50 showing good momentum. The MACD and RSI also showing the divergence from he prices which implies that this correction is over and bottom has been made. The view is for 6 to 9 months. SL levels is around 4165.60 and the Target levels is around 5981.50
The price is still below 200 dma and can face resistance there so it is recommended to buy in a staggered way, some on the breakout and rest when price crosses the 200 dma.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
going long seeing neckline breakout in the script
going long ....keeping stop and target as per risk appetite
enter at current level
option trade - 7700 or 7800 can be taken @ cmp
lets c how it performes
formations - double top breakout
rsi divergence
cup and handle neckline breakout
disclaimer - for study purpose only
Zydus LifeSciences revesal - hammer and RSI Bullish DIvergenceZydus Livesciences
Time Frame: Weekly
Name of Pattern: Hammer
View: Potential reversal
What is a Hammer Candlestick?
The hammer candlestick is found at the bottom of a downtrend and signals a potential (bullish) reversal in the market.The most common hammer candle is the bullish hammer which has a small candle body and an extended lower wick – showing rejection of lower prices.
The pattern indicates that the price dropped to new lows, but subsequent buying pressure forced the price to close higher, hinting at a potential reversal. The extended lower wick is indicative of the rejection of lower prices.
Current Market Price (20 May 2022) = 356.85
Name of Pattern: Hammer Breakout (344.60)
Technical analysis:
1. In weekly Time Frame at the bottom Hammer breakout confirmed at 344.60 in Weekly timeframe.
2. Trendline Brakout due aroun 360 -362
3. Stock is in range of 330-375 from last 12 weeks indicates accumulation between this levels.
4. RSI indicator: RSI BULLISH DIVERGENCE. This indicates potential reversal is due in zyduslifesciences at 362-362.
Possible entry : > = 360 -362
Stop loss : 346
Note : Same reentry in case of retracement.
Swing and long term Targets: 375-440-499-540 - 600 - 664 - 700
RSI Convergence in cosmo firstCOSMO FIRST is at support @Daily TF.
and from the chart it is clear that RSI is making higher lows.
Moreover 100 EMA @Weekly TF (@821) is just below current market price.
Red flag (Risks) - The only red flag to consider before building any long position is that all 20, 50 moving averages are below 200 Day EMA.
Conclusion :- It can provide a good swing opportunity in upcoming days, but as it is an early entry SL is a must @830 .
lti back in uptrendstock corrected almost 50% from its 52 week high
and we can see double top formation and price corrected
and now double bottom is formed
and cup is made of double bottom with falling wedge as handle
now we can consider it to be in the buyzone and we also see rsi positive divergence + price closing above 75 ema
so multiple signals prove that we have a strong up trend
LONG TinplateAll indicators given a positive!
RSI breakout done. WAiting for rise of volume.
Overall trend is bearish but this will hit target 1 atleast.
Levels are marked.
Nifty Divergent AnalysisHello traders,
Here are few observations on Nifty that I would like to share with you.
✅ Tools Used
>> Bollinger Band (BB) (20,2)
>> RSI (14)
>> Candlesticks Chart (Daily)
✅ Reversal Trade Setup Criteria
>> Price outside the BB for the second time with a higher high (HH) or lower low (LL) formation
>> While price is outside BB for the second time, there is divergence on RSI (Divergence discussed below)
>> There has to be two Bearish/Bullish (as the case may be) candles, accompanying the above conditions, to take the trade
>> Target (at the very least) would be the other side of the BB
🚩Divergence is a condition when the price is making higher highs but the RSI is not. RSI would be either flat (at same level to previous swing) or lower. This means that the price is inching up but bulls are losing strength. Similarly, when price makes lower lows but RSI is making higher lows or is flat then this is also called divergence. It means bears are losing strength.
Now sit tight and observe all the setups shown on the chart (AB, CD, EF, GH) and see how they worked.
Recently Nifty made a swing high at 'I' but it was not an extreme condition because price was well contained with in the BB and not rushing outside of it. RSI was highly overbought though.
For the required setup, we need two swing highs peeking outside BB and divergence on RSI with two bearish candles to go short. Let's see if we get the same setup this time or not.
I hope you found this idea interesting.
Thanks for reading.
3I info LONGRSI breakout happened. so can take long
Keep a tight sl on lover level and target on higher one