Showing 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.
ZEE 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 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
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
Why M&M can go bullish tomorrow: 1) Multiple rejections from the support line. 2) RSI Divergence.
NASDAQ looks W pattern. Expecting 250+ points rally if worked good news for NIFTY gap up :) CMP : 11490
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.
Balkrishna Ind. - Bearish RSI Divergence
Tech 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...
RELIANCE | Looks good for 5% RSI Divergence & can expect a wedge breakout CMP : 2179 SL : 2150 Target : 2270 1:3 risk reward setup
CIGNITI 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 - 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...
BIOCON:- breakout buy at 400 tgt 440₹ sl 370₹ RSI breakout #Disclaimer:-I just shared view for only educational purpose.
Price 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.
Profits will stick to those who stick to Pidilite. Afterall, the company manufactures Fevicol!. The Price action has an almost perfect setup for going long - double bottom, consolidation, a nice rejection candle with a long tail. Technical indicators are positive too - RSI Bullish Divergence among other indications. The blue horizontal lines are Gann Levels -...
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