Watch out for a possible pullbackNSE:TITAN shooting star with RSI Divergence in daily chart indicates a possible reversal.
Rsidivergence
RAMCOCEM | Double Bottom & RSI DivergenceRAMCOCEM | Double Bottom & RSI Divergence - Looks good for a bounce - 6% Potential
CMP : 780
SL : 760
Target : 825
Almost 1:4 risk reward setup
Bullish on USDCNYUS Dollar to Chinese Yuan (USDCNY) is showing bullish divergence on the daily chart. I am looking at a Long with the initial target of 6.59 from here.
BTCUSD bull run looking for a correction?BTCUSD bull run seems to be due for a correction. The 4H chart shows major divergence on the RSI. Besides, the price has gone too far away from the 50MA (red line) and is at the psychological level of 30000. A correction toward 26000 (50MA) or further up toward 21000 (200MA) on the 4H chart seem likely. Watch out!
Asian paints | Extreme Crab Pattern | 52 Week High | MULTI FRAME NSE:ASIANPAINT
Asian Paints at 52 Week High, Extreme Crab Reversal zone.
Bearish Divergence on Daily.
Ascending Channel touching top.
Reduced volume.
Confluence.
240 min
RSI Divergence Ascending Channel
BANKNIFTY | RSI divergence - Looks good to go longBANKNIFTY | RSI divergence - Looks good to go long - Only intraday
CMP : 29250
SL : 29140
Target : 29700 or (Risk x 2 times atleast)
Bullish on USDTHBUS Dollar to Thai Baht (USDTHB) is showing bullish divergence on the daily chart. I am looking at a Long with the initial target of 30.4 from here.
DLFIn daily time frame it has made an Evening Star Doji with a negative RSI divergence. It faces resistance at 215 and support now comes in at 195-190. View negates above 222.
Evening Star Doji is formed in an UPTREND, 1st candle is bullish one , 2nd candles is a DOJI candle above the body of the previous candle and 3rd candle is a bearish one below the DOJI candle and closing below the midpoint of the 1st candle (bullish one )
Negative RSI Divergence happens in an UPTREND when the stock/index makes a higher high but the RSI fails to do so making a lower high and curls downwards.
BATAINDIA | Range breakout Trading | +19 % Profit !! NSE:BATAINDIA
Positional Trading opportunity ! Weekly Chart Alert !
Technical Reasons to trade :- 🧢
1> Range Breakout .
2> Huge volume as well
3> Accumulation is done
4> Retracement areas are shown through arrow.
5> Rsi divergence just for educational purpose | example
some fundamental supports :-
1>Bata India to Merge Subsidiaries
2>Bata India Says Unit Approves Amalgamation
3>Bata India Plans to Add 100 New Stores in FY21
--CMP =1513
--Lot Size = 550
--Target = 1788 ( 19 % )
Guys check out the related ideas as well, it will work really well guaranteed !
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COMMENT Below your view !
Stochastic RSI Divergence in LT for Target of 1385+If stock trading above 1175 in today's session then can go long for a target of 1260 and 1385+ with the close stop loss of 1145. This trade can give good 7:1 risk rewards.
Possible Trade:
Buy LT above 1175
Stop-loss 1145
Target 1260 1385+
NIFTY FALL TILL 12200 ? OPPERTUNITY OR TRAP?IDEA and analysis is my personal view, take advice from your financial planner before any investment decision.
All needy things mentioned on chart and my previous bank nifty analysis.
If you like, please follow and share my analysis with your near n dear; and save your portfolio by booking your profit for a while.
Happy investment😊
MARKET WILL FALL!!!!!! BULL MARKET OVER OR CORRECTION?All the things I want to say is mentioned in the chart, please read it carefully.
Besides that,
Reason to this fall :
1.MARKET HAVE A STRONG SUPPORT IN THE MID RANGE OF 26500-26600.
So we can expect fall up to that.
And as per logical TARGET FOR A #RISINGWEDGE PATTERN is 2L , which is exactly DOUBLE of length L mentioned on chart.
2. RSI is showing above 70, which is signal for reversal.
3. MARKET and RSI are both moving towards different direction of each other and RSI DIVERGENCE created.
DISCLAIMER:
This is my personal view and I have booked my profit in finance sector TODAY.
DONT TAKE DISCISION BASED ON MY IDEA, KINDLYTAKE A ADVICE FROM YOUR FINANCIAL ADVISOR.
I have also publish BULLISH idea on NIFTY as well as NIFTY BANK month ago in OCTOBER. According to that , Hope You might have enjoy NOVEMBER MONTH well.😊
You can visit my IDEAS Section for more analysis.
This is only TEMPORARY CORRECTION in the market , which will run for DECEMBER AND JANUARY. You can see MARKET TURN-AROUND AT 26500-26600 ,(act as AS A SUPPORT) , which we will see around JANUARY END.
ICICI Bank Breakout!!ICICI Bank is forming a parallel channel and could give a breakout below. Targets and execution levels are mentioned. There is also a kind RSI Divergence forming.
HDFCBANK forms a head & shoulders pattern!HDFC BANK forms a head and shoulders pattern on 1 hour time frame. Although the neckline is not broken yet. It has also forms a RSI Divergence .
A high probability that it may go heavily bearish after breaking the neckline.
HDFCLIFE | Excellent risk reward & Rejection downsideHDFCLIFE | Excellent risk reward & Rejection downside + RSI divergence
CMP : 570
Target : 640
Stop loss : 540
1:7 risk reward setup :D
Long Tata Consumer 1. Price broke above the downtrend trendline and making higher lows.
2. Double Bottom confirmed as the neckline (494.20) broke with a huge volume.
3. RSI Divergence: Price making lower low but RSI making Higher High (see daily chart, low made on 14 Oct and 21 Oct 2020)
4. RSI in Harmony: Price making higher high but RSI making Higher High (see daily chart, high made on 15 Oct and 27 Oct 2020)
buy only above 510
Target 530/560/580
SL 483
BANKNIFTY | Almost near the resistance but losing momentumBANKNIFTY | Almost near the resistance but losing momentum
Triple Top & RSI negative divergence, looks good for correction.
CMP : 29600
RSI divergenceEducation Purpose.
check RSI divergence which is showing a downtrend and could be a sign for a fall the next day.
Hidden RSI Divergence in AMARAJABAT for Target of 877+We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy AMARAJABAT for an immediate target of 852 and next to 877+.
Possible Trade:
Buy AMARAJABAT above 835
Stop loss - 825
Target 852 877+
ICICI Bank 1 hr ChartShowing a sideways movement since two days. RSI Divergence is showing a bearish movement. It might take a retest and can be shorted for quite a nice target.
