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
Rsidivergence
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.
Strong signal for ZEEL to go bullishZEE Ltd. has broken a crucial trend line in 5 min, 15 min and 1 hour chart & the RSI is giving a bullish signal. It has touched the VWAP.
IOLCP | Based on Result & RSI DivergenceIOLCP | Based on Result & RSI Divergence. Lets see if it is giving wedge breakout. May see 17% if worked.
CMP : 670
SL : 640
Target : 780
1:3.5+ risk reward
Bharti airtel | Line Chart analysis | stock in discount RSI made higher high (HH) that means trend reversal signal
Line charts made lower Low (LL) Thats means its a rsi divergence
Tight trendline also broke
Bullish engulfing pattern in candle charts also
All these happened at major support level
TARGET = 478
LOT SIZE = 1851
6 types of price action & technical analysis confirmation before this trade
FOLLOW FOLLOW FOLLOW
Mahindra & Mahindra AnalysisWhy M&M can go bullish tomorrow:
1) Multiple rejections from the support line.
2) RSI Divergence.
NASDAQ | Expecting a W pattern 260 points NASDAQ looks W pattern. Expecting 250+ points rally if worked good news for NIFTY gap up :)
CMP : 11490
ITC Forecasting , Positive RSI divergence ITC Forecasting , Positive RSI divergence
ITC is trading at its crucial support around 165 & Now RSI is also accelerating Positive divergence towards demand zone.
We can see first moves toward 180 if it successfully cross the 174.
If it fail to hold 165 then we can see next support at 157.
TITANIt has made a Bearish Harmonic Bat in daily time frame. It could retrace till 1200/1175/1100 provided it does not start sustaining above 1270 once again.
Harmonic Patterns are derived from Fibonacci Ratios when each angle of retracement aligns to confirm a reversal probability of 38-50-62 % of the existing trend.
#LETSTALKABOUTMARKETS - Tech MahindraTech Mahindra seems exhausted now and is not participating in the Amazing IT rally that we have seen. It can be considered the weak link in the It index even though it has given a wonderful return. Technically TechM has closed with a graveyard candlestick which indicates a reversal in the uptrend. One can enter into a short position around 870-875 with a strict SL of 910 and for a target of 800. It also has a negative RSI divergence as marked in the charts.
Do like and comment your views. This is my personal opinion and purely for educational purposes.
RELIANCE | Looks good for 5%RELIANCE | Looks good for 5%
RSI Divergence & can expect a wedge breakout
CMP : 2179
SL : 2150
Target : 2270
1:3 risk reward setup
CIGNITITECCIGNITI TECHNOLOGI:- BUY on dip (with sl 260₹ clbs)
last 2 year range breakout with huge volume..
#Disclaimer:-I just shared view for only educational purpose
NIFTY forms RSI divergence! Rallies more than 1.5% todayNifty - Technical Analysis:
-Nifty logs a gain of 171 points, or 1.52 percent, to settle at 11,449.25
-RIL jumped over 7%
-It gaped above 11300 based on recovery in US markets after the selloff a few days back, we can see resistance at 11600 and index would need to cross above resistance zone before seeing upper levels.
Market - Driving Factors:
-Nearly 100 stocks, including Reliance Industries, Asian Paints, Tata Elxsi, Granules India, Infibeam Avenues, Laurus Labs, Adani Gas and Adani Green Energy, hit their 52-week highs on BSE.
-The Indian stock market traded higher, boosted by gains in shares of heavyweights such as Reliance Industries, Axis Bank and Asian Paints.
-Nifty Metal fell over a percent while the Pharma index settled flat. Nifty PSU Bank index jumped over 2 percent higher.
-RIL zoomed 7% as Reliance Industries' plan to sell a stake in its retail subsidiary at an equity valuation of Rs 4.21 lakh crore and its proposed acquisition of Future Group's retail businesses will solidify RIL's position in India's organised retail market and strengthen its consumer business.
Nifty - Outlook for Friday, 11th September:
NIFTY has come above the resistance at 11300 and showed strong trend intraday with support of index heavy weights. NIFTY also observed a RSI divergence as RSI makes new high but price didn't which is a bearish signal. We can see index consolidation before a move either side.
bioconBIOCON:- breakout buy at 400 tgt 440₹ sl 370₹
RSI breakout
#Disclaimer:-I just shared view for only educational purpose.
CHOLAFIN : Price rising on low volume + RSI Bearish DIvergencePrice moved up but RSI showed bearish divergence.
Currently, Price is taking support at Upper trend line on daily duration .
Price rejected from Long Term resistance .
Looks like distribution zone - sideways movement will continue for a while .
Current Price is at confluence of 50 EMA , Support & upper Trend line.
