Rsi_divergence
5Paisa at its Strong support Level n Making its Right Shoulder5Paisa at its Strong support Level n one Possibility to Make its Right Shoulder You Can buy at support and Ride With Right Shoulder in One Day Time Frame... RSI also Giving us a Positive Divergence
Trade on Your Risk
= } Rule1 } you can take long position when 8 EMA Cross 21 EMA in 1Day Time Frame
First Target 230
Second Target 380
Stoploss 273
{ Follow Rule 1 }
RSI Convergance spotted in TCS Daily timeframe.As the title suggests, in daily timeframe of TCS there is a RSI convergence.
From 1st L H point TCS is falling but RSI is not making lower lows, rather RSI is making higher lows since June 25th.
And also 3000 price level is a support zone (Look at weekly chart).
Probably this stock is preparing for a short term up move, good swing opportunity.
First target would be 3200
and second target would be 3400.
Trailing SL is a must.
Index BreakoutIndex corrected 20% from top.
Strong support on lower level's.
Clear sign's of bottom formation and breakout is evident.
Falling Channel breakout and consolidation near breakout zone is giving strong confirmation.
MACD and Rsi too supportive.
Rally ahead.
Pullback's is excellent entry point's here on.
Big Fall in CrudeOilThe markets are falling down because of increased fear of recession. Recession affects everything, be it stocks or commodities like CRUDEOIL, NATURALGAS, SILVER, GOLD etc.
Energy sector fell drastically yesterday. Crude Oil fell about 11% whereas Natural Gas fell about 6%.
Crude Oil has a strong supply zone around 9300 according to the monthly timeframe from where it fell down.
In last month it tried to break the supply zone but it failed. It is clearly visible on weekly timeframe that it couldn't break the supply zone.
On the Daily timeframe we can see the formation of Head and Shoulder pattern from which it has broken down the neckline yesterday. Right shoulder was made from the strong resistance at 8850 from where it got rejected twice.
It is also forming a downward moving channel.
On 4 hour timeframe it has broken down the support with good amount of volume.
Today it is moving in lower part of the channel and I think the closing of the candle will be below 8100.
The MACD and RSI have turned bearish on multiple time frames. If the price of USOIL sustains below $100, we can see further down move in the coming weeks or months.
Disclaimer: This post is meant for learning purposes only. Invest your capital at your own risk.
BREAKOUT IN IT SECTOR Indian IT Sector is very close to the breakout area.
This breakout from the falling bear channel is also supported by RSI as we can see the Higher Highs and Higher Lows formation.
Look for an entry in fundamentally strong leaders of this sector.
!!! This is not an investment advice and do your own due diligence before investing/trading on any script !!!
!!! This post is only for educational purposes and not advising anyone to trade on behalf of this trade !!!
INFY RSI DIVERGENCEInfosys is making a series of lower highs and lower lows for the past 70 days, whereas the RSI is continuously making higher highs and lower lows.
This divergence can be spotted easily on the Daily Timeframe.
Also, we can see a bullish closing on weekly basis.
We can see an upside momentum in this stock soon.
1420 level can be taken as a stop loss
1450-1470 is a good entry point.
!!! This is not an investment advice and do your own due diligence before investing/trading on any script !!!
!!! This post is only for educational purposes and not advising anyone to trade on behalf of this trade !!!
bitcoin pullback trade setup after a long bearish move and bad sentiment
btc price has formed a consolidation pattern and
on 1h time frame we can see a inverted head and shoulder pattern
initiating trade according to -
as per neckline drawn on the chart
after the breakout only we can enter long and keep stop loss below the shoulder line
info line drawn from the head of the pattern indicates the up move possibility
duration of the trade could be short term
trade with proper risk management and position sizing
TATA POWER BEARISH DIVERGENCEThere's a clear indication of bearish divergence in this script as we can see here Price is making Higher Highs and the RSI is making lower Highs.
Also, there's a retracement pending after the 10-year breakout of the price from 2008-2010 Highs.
We can see 160 levels in the coming months for this script.
This analysis is purely for educational purposes!!!
Please do your due diligence before investing or trading in any instrument.
Perfect example of DOUBLE BOTTOM With DIVERGENCENSE:VOLTAS
Double bottom is always a perfect pattern for LONG ENTRY.
But I prefer to add some more factors which increases my probability to achieve the target.
In this analysis tutorial, we will learn that.
* After falling wedge pattern breakdown Stock momentum is exhaust near a good Support.
- Never Entered in ONE SIDED BREAKDOWN or BREAKOUT. Wait for the Next GOOD SUPPORT - RESISTANCE, Because one sided move Creates a Doubt( maybe its a TRAP for a RETAIL TRADER like us).
- ONE SIDED BO-BD can be a FAKE BO-BD ( In Mostly cases )
- And incase, If it's not a Fakeout - Fakedown, But a genuine one and we missed that - DON'T PANIC - Never entered in FOMO because this can spoil our RR.
- THIS STRATEGY IS A SOLUTION FOR ALL THE ABOVE SITUATIONS.
* And at that support( IN BIGGER TIME FRAME) I Found BULLISH DIVERGENCE.
- Divergence is basically a manipulation by a big players.
- In Bullish divergence with the help of some OSCILATTORS we see PRICE IS DECREASING but AVERAGE PRICE or STRENGTH or VOLUME is INCREASING. - {Opposite in BEARISH DIVERGENCE}
- But if there is not any SUPPORT - RESISTANCE - - - - - IGNORE THAT AND NEVER ENTER.
- Because WE FOLLOW ONLY&ONLY PRICE ACTION, Indicators is secondary.
- And basic principle of PRICE ACTION is - NEVER ENTERD WITHOUT A SUPPORT RESTISTANCE ZONE OR TRENDLINE SUPPPORT OR ZONE.
* When this stock Follows all rules of BULLISH DIVERGENCE I took a LONG ENTRY.
- COMMENT if you wants to know all the RULES of DIVERGENCE.
* Now chart pattern shows a signal of UPSIDE MOVE and our Divergence setup gives us a confirmation of that SO I ENTERED and ACHIEVED THE TARGET
I hope this is helpful for beginners and a good revision for a pro players.
DIVYA BIHARI DAS this side.
THANKYOU SO MUCH.
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Nifty50 what to expect btst / intradaylast two day market showed good bullish momentum and formed a triangle structure now we can see it has given a breakout also there is RSI divergence on 15mins
a triangle breakout and a consolidation is a good formation for next move
based on the length of triangle we can see the 16740-50 levels
NEGATIVE DIVERGENCE ON MONTHLY T/F.This has to happen because of the negative divergence over RSI on monthly time frame. Now, there could be two scenarios once it reaches its support, which you can clearly articulate from the chart itself. But according to various reports on commodities cycle, it's just getting started, so there are high chances it will bounce from its previous demand zone.