There is something worthy of noticing w.r.t. the rising channel Nifty is moving in and RSI divergence, this time. 1. While the Nifty has made a higher top, RSI has failed to do so. This RSI divergence is seen after a long time, as RSI is considered as a leading indicator, this can't be ignored. 2. Nifty has not touched to resistance line of this channel this...
Infosys has seen a correction and a recovery. During the recovery phase, we also observe that the third Elliott impulse wave has been completed and the corrective waves have started. The last 2 weeks has seen a consolidation in the stock with a couple of attempts to both break above and below the consolidation. The counter is now seeing some exhaustion and any...
Looks like party is over for reliance industries investors, RSI divergence and Double top, though a little early to call, Will look on daily charts for shorting opportunities
Price as retraced at 38.2% of impulse fall from Nov 19, Touching a trend line, and local resistance area, Also there is RSI divergence on weekly chart. We can look to sell if price hold below 87 strictly for target of 70-73. But if goes above 87-88 and holds the then we can look for buying opportunities above 90.
Escorts has been the outperformer stock of this pandemic in my views. It has crossed it's previous highs already and has no aim of correcting looking at the way it is rallying. But technical indicators says something else. 1. RSI- If we have a look at the RSI, it does not give us any positive signs. There is a negative divergence that has started since 30th jan. I...
As 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
As 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
Stock should bounce from from 1570 levels and after crossing 1600 levels, one can go long for a good upmove
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...
Reliance 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
LEVELS 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) This view is only for Study Purpose. No call for Buy Sell Or Hold. Just for Study purpose.
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: 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 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.
NSE: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