Analysis: 1) Bullish Harami Cross Pattern has formed as today's close i.e. 26 May, 2021 2) RSI is converging with the stock, forming higher lows while stock has formed 2 consecutive lower lows. We consider it to be strongly bullish. 3) Stock is at very strong support from which it has previously formed new highs and shifted the trend from sideways to...
RSI Divergence and Bullish Engulfing pattern on support level, Bullish Above 640 Target : 680, 740 SL: 600 Risk is yours and Reward is too yours totally. Time Frame : 1 Month max
Negative Divergence is seen in the weekly chart of Techmahindra. So trade carefully in upcoming days.
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...
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...
NSE:NCC Bullish Flag BO with bounce from 200 Week SMA Tgt - 104-124 SL - 76 R:R - 1:3
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...
coming to its previous channel... rsi divergence is a confirmatory .
RSI Bearish Divergence in 1 HR time frame
CMP- 2906 SL- 2732 Target- 3215, 3600 BUY ON DIPS. 18/5/21 -Trading below all EMA's (negative) - In a range (RSI divergence is observed) - Buy on dips around 2700-2800 suggested - Give time to perform, enter now for good R:R
It 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....
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...
Very 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...
Stock clearly shows bearish RSI divergence on 30 min timeframe. Can signal possible correction need to look out for levels before going short.
RSI failed to make a new high when prices made a new high. This indicates a possible change in trend (or the current trend is becoming weak) which we can observe here.