Rsidivergence
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.
M
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.
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.
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.
Hindalco: Play For BounceAlthough I presented the trade on weekly chart yet it would be small swing trade which may take just few days to either hit the targets or stop loss. Partial or full profit booking at first target could be done as overhead supply may hurt the upmove. Some might disagree with my Cypher pattern so I urge them in advance to take it easy :)
All nitty gritty details are mentioned on the chart itself.
The stock is highly volatile so risk averse traders may opt to stay out of this trade.
As per my set
YesBank: The Bearish Bat TargetThere is double bottom and RSI divergence seen on the chart.
Currently a short term trendline is broken on the upside. Some pullback might be seen for retest.
If this Bat plays, we may get 348 and 360 on this stock.
Technically the bat will be active above 344.
This idea is aggressive, proactive and involves risks so apply your own due diligence before trading.
Regards
Bravetotrade
Ganesh Housing Corporation Ltd There are 2 patterns in the chartTechnical : There are 2 patterns in the chart for 1hr
KEEP AN EYE ON
Chart Pattern
1. Flag pattern
2. Double Bottom Reversal
3. RSI Divergence
The breakout was confirmed on 12/11/2018 11:15am Candle @183
Technical Target : 207
Fundamentals :
(Fundamental Medium Term Target 250)
(Fundamental Long Term Target 300)
1.Total (Mkt. Cap) : 899cr
2.Debt : 0.28cr
3.Stock PE : 23.50
Nifty : Mujko Pehchaan Lo... InsiderB is Back !Yes, I'm Back to Tradingview !
Before the analysis, I want to thank each n everyone of you for all the love, Thank you so much for your messages & people who gave follows even when I'm not available. Thanks for the Trust & Love :)
It has been more than 100 days since I posted & from now on I will try to post more often.
Now Our Nifty analysis :
Let me put that in simple manner & if you have doubts, as usual you can comment your queries & I will try to explain.
(i) Bull run from 7900's to























