Rsidivergence
Accumulate TCS at highest RRRObservations from TCS Chart:
1. Formation of an ascending triangle
2. A reversal from lower line is hinted by RSI divergence under formation.
3. Currently at lower price which has high risk to reward ratio.
4. Accumulate upto 3165. Set SL below 3150. Target 3750+
Right information at right time is the key..!!
SRTRANS good long candidateSrtrans finance multiple harmonic pattern formation with maturity at same level,, counter managed to sustain prz levels of 2 time with positive divergence in indicators,,
good upmove ahead,, atleast 5-7% upmove can be seen in coming days
Good long candidate,,
HDFC LTD good long candidatewolf wave formation on hourly time frame,, with positive divergence on RSI and MACD indicators,, Good time to go long in counter
Good long candidate for 7 to 10% upmove
NIFTY - RSI NEGATIVE DIVERGENCENifty again hits ATH today but the price slided afternoon.
1. In hourly chart, nifty clearly forms a negative divergence in RSI which is a negative sign.
2. It is travelling in a parallel channel, the price hits the top end of the channel and slided slightly.
considering those two factors, nifty might retouch 15600 levels, lets wait and see tomorrow.
RSI Divergence in SGX NiftyThe charts clearly shows short term bearish RSI divergence coming in the way of a Rising Wedge pattern on the Daily charts of SGX Nifty.
Last week Friday ended up forming a Spinning Top in SGX Futures while Spot formed a Grave Stone Doji.
These are early waring signals that we may witness a downside as the market finds immense pressure at the moment to continue its upside.
Breakdown awaited.






















