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Rsidivergence

Bearish Divergence for INFY! (good short opportunity)As you can see in the chart, the path it has been following(yellow colour) depicts downward moment for this stock. Also the rsi indicator shows bearish divergence on the four hourly timeframe that is higher high on the rsi but lower high on the stock price hence looking bearish to me. Also it looks like the stock is forming lower highs and lower lows recently hence going into a descending channel. My price target would be around the next weekly support that is 1317 region.
NSE:INFYShort
by jashdoshi
XRPUSDT Quant box strategyIt seems the asset class is sideway in 4 hours chart. I have created a Quantbox, based on the volume accumulation and distribution which is clearly showing that XRPUSD is trading between USDT1.4468 to USDT1.3412, and created a narrow channel of the range around USDT 0.1. MFI has also got arrested into a box channel which is creating a coil channel movement. Interestingly volume has decreased drastically in this chart. The above observations bring these conclusions below... New Volume addition is required for the movement of this crypto Asset to move either way. Arrested Price must follow the arrested MFI at the time of Breakout or this asset will not get any direction. interestingly RSI is in an indecisive situation expecting some help from MFI to inject some Beta to start moving. Now, if the direction is uncertain, what is certain then! We can speak about the probability of profit. I am expecting at least USDT 0.1 multiplier movement in either direction for the short-term traders. Stoploss can be another side of the Quantbox. So, trade safely...
by absu21
RSI divergence in NIFTY.The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100 An RSI divergence is saying that the indicator does not agree with the price action. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition. A bearish divergence occurs when the RSI creates an overbought reading followed by a lower high that matches corresponding higher highs on the price. education purpose.
NSE:NIFTYShort
by Mantubora
2
Long Trade on HSILVery High Probability Trade because of 4-factor confluence:- 1. RSI Divergence on 1-hr Time Frame 2. Inverse Head and Shoulder on the 1-hr time frame 3. Price is near weekly support level 4. Weekly candles are being formed with long wicks, rejecting a level of 147 (Which is the stop-loss point) When Trade will be confirmed? 1. Let it break the downtrend trendline 2. Let it close above 50 EMA on the daily frame Target - 200 Stoploss - 145 Entry - Near 160 Risk Reward - 15:40 = 1:2.7 This is for education purposes only. Thanks
HLong
by purnendrakumargupta
Good possible long trade in IpcalabsIpcalabs, price movement has fallen out of the Bollinger bands recently and has formed a 'W' bottom. What further makes this a good possible long trade is positive RSI divergence on the RSI (14) chart. (Lower - Low on Price Chart and Lower high on RSI Chart) Consider entry at Current levels with a stop loss of 2084.2 with below targets - Target 1 - ₹2,167 Target 2 - ₹ 2,207.60 Target 3 - ₹ 2,248.40 Consider trailing your stop loss to the targets once every target is hit.
NSE:IPCALABLong
by BeLikeMoby
KOTAKBANK | Trendline breakdown 🎯⭕ Trading opportunity ! Chart Alert !!! ⭕ --Sell Below =1928 or CMP --Target = 1808 | 1726 --Stop-loss = 1975 --Lot Size = 400 --R:R = 4.34 --Expected Profit = 80 k + ₹ per lot (10.49 % ) --Expected Holding = 1 months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) Trendline breakdown with volume 2) 50 ema is also broken 3) reistance breakdown with volume 4) RSI divergence is a another confirmation Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:KOTAKBANKShort
by ReviveTraders
2