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)
LongRsidivergence
Long
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.
Long
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/
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 chec
Long
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+
Long
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😊
Short
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
Short
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.
Short
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.
Short
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
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
Long
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
Short
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+
ALong
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.
Short
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.
Long
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
Long
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
Long
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
Long
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.
Long