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Rsidivergence

Infosys Ltd Analysis!NSE:INFY Analysis on a Daily Timeframe! Double Bottom Pattern formation in Infosys Ltd! Double Bottom Pattern/ W Pattern Formation with RSI Divergence! Analysis: As we can see in the chart NSE:INFY started falling down from Feb 2024. It was in clear downtrend. After that it has made a double bottom pattern but it's second bottom is lower than its first bottom, so I have added RSI indicator to get a confirmation about Divergence. We can see a clear divergence while price falling down RSI
NSE:INFYLong
by Avinash9087
5
Infibeam - purely technical pickI usually don't suggest penny stocks. However, I found the chart of a Nifty500 stock, Infibeam vey interesting! We have a beautiful positive RSI divergence currently in weekly time frame. If you observe the chart, a similar divergence is visible near the previous low of 7-8 after which it rallied upto 28. It can be a good positional trade between 12.5 and CMP for targets of 17.5, 19.35 and SL below 11.15 DCB. Please note that this idea is shared only for educational purposes and should not be
NSE:CCAVENUELong
by chartistamey
4
Some signs of bottoming in Mahindra Logistics!Mahindra logistics is a stock which is showing strong technical signals of a bottoming with a major breakout of a range. The level of 450 has proved strong resistance in past. Stock has broken it with volumes recently and is now retesting the breakout zone. RSI positive divergence is clearly visible in chart. Levels mentioned in chart are crucial. If stock sustains above 450 for couple of weeks, it will be clear signs of bottoming. This stock is a clear avoid for me as the company does not have
NSE:MAHLOGLong
by chartistamey
Long Setup in Sunteck RealtyAn Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:SUNTECK Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned on the charts. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Techn
NSE:SUNTECKLong
by raigvivek
Tata motors case studyTata motors spot cmp 590 weekly time frame Wolf wave study Bearish wolf wave formation Counter is in overbouht zone as per structure, trading above the resistance line. Previous life time high levels at 600, Bearish divergence on RSI, with respect to price. counter is facing price rejection around 600 levels, which act as resistance as per previous life high levels. Bullish only above 610 on weekly closing basis, Till counter is below this levels , possibility of 50-70 point down side is highe
NSE:TMPV
by RUDRA007
3
Reliance case studyReliance spot cmp 2618 weekly time frame chart pattern study Descending parallel channel pattern fromation As per resistance trend line of structure, counter would face resistance around 2650 levels if we observe last 2 swing in this channel ,last time counter reversed after retracing around 78.6% of previous swing, this time 78.6% of last swing lies around 2632 levels, RSI when ever weekly RSI touches levels of 60-61 it tends to make top and give sharp reversal. So as per this we can say the
NSE:RELIANCE
by RUDRA007
2
Larsen case studyLarsen spot cmp 2480 Weekly time frame Elliot wave study Counter is trading in last leg of motive phase which might mature around current levels. v of 5 is in play, Ascending wedge pattern indicate counter is overbought as its trading above structure. RSI and MACD have bearish divergence with respect to price. Last week counter made high of 2483 levels and today it made high around 2493 levels, As per measured move wave 5 should mature around 2500 levels so till counter does not give weekly clo
NSE:LT
by RUDRA007
1