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Rsidivergence

ALPHAGEO / RSI Divergence / Turnaround ? ALPHAGEO has a very small market cap of 153 Cr. So please be cautious this stock can give violent moves Wait for a decisive breakout above 260 Price is respecting resistance of 240 This is the 7th time price is at resistance Looks resistance is weakening up might give breakout Cut your position in half below 230 SL 212 TP 500 We can see RSI divergence long term RSI is getting stronger but the price is still at the same levels Also, the insider is buying that also gives confidence.
NSE:ALPHAGEOLong
by Manmohansinghsolanki
2
Is it time to be cautious on NIFTY?Some conflicting signals: India VIX has been closing below 20(good sign), occasionally giving a spike scare then abating within the session. Not much buying seen from FIIs/DIIs. In fact the FIIs sold 660Cr and DIIs bought only 112Cr. Yet market closed marginally in green. Is the market being kept afloat for a while? The RSI divergence can be easily noticed on the charts. The NIFTY Futures relative strength against NIFTY has been in a constant decline for four sessions. Nifty is forming a Rounding bottom pattern, but the volumes have been on a continuous decline. (Ideally the volumes should expand while the price approaches the breakout point.) The leading sectors (Metals, Pharma, IT) are not really moving (market breadth wise). We are seeing a lot of failed breakouts. A hard penny environment. The NIFTY looks like a stronger index vis-a-vis S&P500 on Relative Strength. But are we really seeing strength in the broader market?
NSE:NIFTY1!
by raavigeorgian
2
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