Get started

Rsidivergence

Bank Nifty may be Bearish ? There are few reasons for the above observation, They are : 1. There is a Bearish Bat harmonic pattern formed. Only a small correction happened 2. A Head and Shoulder pattern formed which gives a bearish signal 3. A cup and Handle pattern also formed which gives a bearish signal 4. A triangle pattern can be seen. It is in the way of downward breakout, and, 5. The RSI bearish divergence gives a bearish formation. All these information gives a Bearish formation in Bank Nifty. Note: The information given here is for the study purpose.
NSE:BANKNIFTY
by Reverse_Trading
Mahindra &Mahindra ALL TIME HIGH!!!MAHINDRA &MAHINDRA has reached its all-time high Price in the Daily timeframe. It is moving in Ascending Parallel Channel from March month on Daily timeframe. On the daily timeframe, it has made four times flag and pole pattern and reached its target also. As we know, when the short-term EMA is above the long-term EMA then the trend is bullish and for the bearish trend, the short-term EMA is below the long-term EMA. Here Short-term EMA i.e, EMA 12 is above the Long-term EMA which is EMA 50 which depicts the trend has been bullish. The RSI have showing divergence on multiple time frames. Disclaimer: This post is meant for learning purposes only. Invest your capital at your own risk.
NSE:M_M
by Immature_Snorlax