Nifty pvt bank cmp 17975 Elliot wave study Daily time frame At the moment index is trading at pre covid all time high levels of index,, which are in range of 17950 to 18030. It strong demand zone and is being respected in past history so the index can be considered at support levels . Wave 1 :- wave 1 consist of 3494 points and 41.17% move from the bottom,,...
Following Chart is of ETHUSD which Clearly shows the breakout of the price from the Resistance Level. Wedge/ Trend line breakout could also be seen. Also we can see RSI Divergence, in this case, the price is making lower top lower bottom whereas the RSI is making Higher top Higher Bottom. This means that finally the bad days for Crypto are over and we are heading...
After breakout of previous resistance level in HUDOCO it retraced again its breakout level. As well as this stock trending in uptrend at currently near its trend line. Near this level RSI showing the double bottom bullish divergence so expected this will take reversal and continue its uptrend towards the 65+ targets for short term.
Buy Reliance CMp 2099 Stoploss 2050 Target 2218 Double Bottom Formation + RSI Bullish Divergence
Following chart is of BTC/USD which shows RSI Divergence Pattern, Buy After it Breaks the @41000 Level, Very Strong Resistance right there. Also The Targets is huge, so Go Long After Breakout. Do follow for more trading setups like these Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Hello - Bearish RSI Divergences on NIFTY Daily Chart. - - NIFTY SETUP Highlighted daily and weekly resistance. NIFTY is weak below 15888.00. Can move towards 15161.45 in coming days. - Stop Loss @ 16010.00
IT Index Trending and all IT stocks are performing and trending with great momentum but need for caution need is that there momentum divergence exit on the chat which would mean that price is moving up but momentum is dropping
EXIDEIND | Trendline and Channel Support with RSI divergence -9% CMP : 182 SL : 179 Target : 198 1:5+ risk reward setup
The price action/behavior in Cipla shows that the buyers are strong and have been pushing the price higher which should result in a breakout . There have been multiple retests on the resistance zone / the supply zone . However , RSI shows a clear divergence or in simple words , RSI is making lower highs . Hence it would not be advisable to take a position in...
This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our...
Sorry for delay due to Net issues ( Uploading it 7th time hahaha ) 👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part...
A Bullish engulfing along with Rsi bullish divergence and increase in the volume at the resistance become support zone, all these are a good bet for a long position but only above the candle high. Follow target and stop loss carefully
Good set up seen in tcs,, look like long candidate around this levels,,
A gud bullish reversal candles at the support region which acted a strong level for the previous breakout and more over Rsi showing upward momentum while the price is in a range.Breakout likely to happen.Can go long with the above mentioned levels.
- Bullish Divergence - Falling wedge Pattern in 5 min TF
Observations 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..!!
Delta Corp had formed a Cup and Handle Pattern and has reversed from a strong Resistance Zone near 197-203 forming a Double Top Pattern. Also there is a RSI Bearish Divergence.
on weekly chart TCS is loosing RSI Strength and making higher highs where as RSI making lower highs. however clear breakout was not seen either side, breakdown/breakout at either of trendline will give confirmation.