Rsi_divergence
Banknifty NiftyBank | Intraday | Swing|We can see noticeable RSI divergence on a higher timeframe 1 HR, Momentum is picking up but Banknifty is going down, this can be a good long trade, Good bullish RSI divergence is seen on charts,
And Banknifty is at a good support level and also at a previous breakout level as well, and Banking stocks if we see and analyze then banking stocks haven't really performed well so this can be a good trade if the global market and other overall aspects support.
KOTAKBANK | Reversal inside the channel - Looks potential 25-30%KOTAKBANK | Reversal inside the channel - Looks potential for 25-30%
CMP : 1795 (Dip : 1730)
SL : 1600
Target : 2200, 2300 (Channel top)
1:4 risk reward setup
(P.S : Weekly time frame, may take time to perform. But stable stock worth holding)
KPIT TECH Long Term StudyNSE:KPITTECH
Time Frame : Daily
View : Bullish for long Term
Observation:
Chart Pattern : Multiple Bottom
RSI : RSI Bullish Divergence
Trend : Trendline Breakout indicates Bullish move is in card
How to go Long ?
Buying Zone: 515 to 540
Trendline Breakout : @ 578
Buy @ > or = 580
Stop loss = 556
Support : 540
Target = 619 - 660 - 750 - 800 + + +
Breaout Level = 801.00
Note : In case of Retracement one can accumulate KPITTECH in between 515 to 540 with 4% stop loss.
NAM_INDIA Weekly Double Bottom Bullish NSE:NAM_INDIA
Time Frame : Weekly
VIEW : Bullish with given Targets
Pattern : Double Bottom ( 318 )
RSI : RSI Bullish Divergence
Buying Zone: 318 - 335.
Observation :
Multiple time buying in the range of 318 to 335 can be seen.
Support = 335
Buy at 353.00 (CMP 350 - 02 February 2022 EOD)
Stop loss = 338.00
Long Term Target 364 - 380 - 400 - 450 - 476 + + + + + + + +
PNB Buy on Dips with Multiconfirmation indicates Bullish TradePNB Daily Chart
Reason for Bullish view :
1. Multiple Entry on Trendline indicates Buy on Dips. Refer Green Up Arrow.
2. Candle above 200 Moving average indicates bull run about to start for long term.
3. Daily Trendline break out with 200 MA breakout indicates confluence Trade so entred at 39.55
4. RSI Bullish Divergence in Daily Time Frame indicates Bulls are in Power.
5. RSI value above 60 indicates strong momentum.
6. Overall Momentum is Bullish
View : Bullish for long Term / Medium Term / Short Term
Buy @ 39.55
Stop Loss @ 38.00
Target1 : 41
Target2 : 43
Target 3: 45
Target 4 :48 +++++++++++++++++++++++++++++++++++++++++++
ACC RSI DIVEREGENCE with Bearish Englul WEEKLYStock Name = ACC
ACC has formed Weekly Bearish engulf Pattern which indicates Reversal from the top.
Bearish Engulf can be confirmed by Weekly Bearish Divergence.
Clear short has been formed technically indicates sell.
Important Support and Resistance has been drawn in the Graph.
Neuland Lab Base formation, RSI Bullish divergence on WC.Neuland lab has been consolidating for around 13-14 weeks & formed a strong base on weekly chart. The base has acted as a strong support, as can be seen in charts script has taken support multiple times. This was also a strong resistance zone when script broke out in Feb 21, now acting as strong support. The stock has seen a relatively low volumes in consolidating & the RSI is also not encouraging at 41, but has formed a positive divergence on weekly chart, so should see strength in coming week. In coming week price reversal can be seen & if croses the resistance of the symmetrical triangle, can show good up move. Keep an eye!!
Discl : Invested, not a reco for buy/ sell
Bullish Divergence & Break out on Daily charts for Sumitomo ChemSumitomo Chemicals seems to be giving a BO on daily charts, volumes are decent, RSO is close to 60. The RSI has given bullish divergence, this can be confirmed with the BO given today of the falling trendline with decent volumes.
Disc : Invested, not a reco to buy or sell.