Get started

Rsi_divergence

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. --------- COMMENT ----------- - Your Views - My Mistakes - Next Topic - Anything Relevant
NSE:VOLTASEducation
by DivyaBihariDas
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. 
NSE:BANKNIFTY
by vaghela0747
1
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.
NSE:KPITTECHLong
by FalgunPrajapatiTrading
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 +++++++++++++++++++++++++++++++++++++++++++
NSE:PNBLong
by FalgunPrajapatiTrading
2