Mindtree, Good Time to Short sellAs clearly shown on charts, Mindtree is currently facing weekly timeframe resistance
1) Momentum loss clearly seen
2) RSI below 60
3) Double Top Formation
4) Negative Divergence seen on daily charts
Confirmation of the pattern if 880 Broken, One can enter into positional long for a target of 730
Rsidivergence
Amaraja Battery, Short Sell CandidateAs shown in charts
1) Currently trading Near Monthly Resistance
2) Inside Candle Formed
3) Negative Divergence Spotted
If breaks 609, One can wait for target of 580 or more
Positive Divergence in Asian Paints, for Long Stock should bounce from from 1570 levels and after crossing 1600 levels, one can go long for a good upmove
#LETSTALKABOUTMARKETS- AUROBINDO PHARMA Auropharma may still gain a bit but it will not be outperforming anymore, adding to that i feel it might under-perform as well. The basis for this are the technical indicators:
1. RSI divergence - RSI divergence is when the price slopes upwards but RSI slopes downwards, forming a negative divergence. As seen in the chart, price is moving upwards whilst RSI is sloping downwards which indicates that the upward price movement will not last for long.
2. MACD - Moving average convergence divergence as it is called, has also showed a crossover which further confirms the weakness in the stock price movement.
3. Bollinger Bands - BB also seem to be squeezing out which shows low volatility. One can wait out to see the price movement, where the Bollinger Band seems to be expanding.
The upward price movement might fade out soon and might even move sideways before cracking down. One can take a position by keeping a stoploss around 715 and wait for the target of 600 and an extended target of 560.
*This is my opinion and i am not registered with sebi*
Reliance Ind. Negative RSI DivergenceReliance industries is showing negative RSI divergence on monthly time frame.
Time to be cautious for investors. It might go under long correction phase, could become range bound for years and test the patience.
#this_is_what_chart_says
RBL Bank trading near its Lifetime low - FPI Buy Position
Positive Points:
==============
- Stock is trading near its lifetime low.
- Also, RSI positive divergence can be seen on the weekly chart.
- A bulk deal done by FPI(erstwhile FII) for 256.48 rs.
Negative Points:
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- India is struggling with TRUST factor with some banks like PMC, YesBank etc. Keeping in mind, banks like RBL Bank, may be affected badly.
SHORT ASIANPAINTLEVELS ON CHART SEEMS BEARISH, FACING RESISTANCE ON 4HOUR CHARTS AND CREATING RSI DIVERGENCES ON DAILY AND 4HOUT CHARTS.
Nifty On RSI Divergence (Only Study Purpose)Nifty On RSI Divergence (Only Study Purpose)
This view is only for Study Purpose.
No call for Buy Sell Or Hold.
Just for Study purpose.
MINDTREE : Shifting Range? MINDTREE: On 18th July the gap down seems to be a exhaustion gap. Post gap the price did not fall aggressively down, prices started to create higher lows. The RSI has moved into neutral zones from bearish zone. There are early indications of bottoming out in the stock. Holding above 707 will be a good sign of support.
Larsen & Toubro: RSI not displaying any zeal!Larsen & Toubro: The RSI is failing to display any zeal, taking a hit at the 60 levels and turning down, may not be a favorable move for buyers. The gap created post the earnings have been closed. 1425 closing basis may act as a support, beyond this, LT may start to drift lower.
Sunpharma needs a momentum boosterSunpharma has to buck up momentum here. The advances are forming narrow candles, RSI is not quite pulling up, if the momentum fails to pick up in a session or two then this whole move up may be a corrective and a fresh sell off may be witnessed. Bearish view may be negated above 415 closing basis.
#escorts RSI showing trend change @in_tradingviewNSE:ESCORTS
Small risk trader can start adding
RSI is showing up momentum
Small Trader can wait for breakout
SL 445
T 510 545 585 630
#Nifty Bullish BAt & Positive Divergence @in_tradingviewNSE:NIFTY
Bullish BAT & Positive Divergence
can buy at current levels with SL of 11190
SIMPLE STRATEGY FOR CONFIRM PROFITUse this strategy strictly in weekly time frame and take your position only when you get confirmation of sell signal. You can short 1500-1540 strike price calls also time is on our side as well.
Thank you MALKAN SIR for this strategy
Lupin RSI Bullish Divergence Bullish divergence on daily chart .
target 10% positional
SL -740 on closing basis
CAUTION || CORRECTION IN BATA MAY BE DUE!!!We are seeing a divergence on the RSI and a negative weekly close when the market made a high could indicate starting of long unwinding. Hence it would be wise to be with the market, book the profits and wait for a dip to re enter.
CONCEPT IN PLAY || GLENMARKAn excellent concept of divergence was shown in the charts of GLENMARK Pharma when a revisit of September 2018 heights happened in the first week of January 2019 but then it happened with a decrease in the momentum in the move and hence it was imminent on the RSI.
A double top and a divergent RSI were perfect indicators to show that the move in GLENMARK would halt temporarily. Has been agood short since then. Might be able to give a couple of percent more.
SPARC showing spark for longSPARC is showing positive divergence with RSI on Daily chart
Buy CMP (273) for 285 and above as per Fib levels
SL 264.8
NTPC | goLongon the weekly charts ,you can see NTPC is at very attractive levels.
3 support levels are below there.
the chart is also showing RSI divergence .So it looks like trend can change between (150 -140).
as we get 2 bullish candles from any support levels,we can take a long possition in it.
Targets will be given after the trend reversal.
Thank you!
Bullish Wolfe Wave The stock has developed Bullish Wolfe Wave which could be traded. Although target price of the pattern is 91 but one can easily expect 84 and review the trade at that level. RSI divergence in oversold area and its value confirming the buy decision.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
TataSteel: Potential BatNotes on the chart.
I like the price inside the channel so the trade will be invalidated below the channel. However, look for an entry as per plan on the chart.
Trade safe, stay healthy :)
Regards
