SNP indexSNP index trading around support zone as per rising channel and as per elliot wave have completed its 4th wave,,
looks to shoot up by 200 points from current levels
Rsidivergence
GODREJ PROPERTIES good long candidateElliot wave formation
on weekly time frame
when whole world is loaded with negative news for this counter
group is too good
clean chit image
good balance sheet
lets see it can be money spinner
have iron heart to catch this falling knife..
GODREJ PROPERTIES good long candidateElliot wave formation on godrej properties
lots of negative new prevailing in market
lets see if technicals works over news or not
Jubilant Ingrevia | VCP Pattern | Buy abv 640 for Min30%NSE:JUBLINGREA
Inverse Cup & Handle Support Tested
Pattern Formation (Retracement from Top) with Low Volumes
Swing Trade for Short Term
Buy at CMP for Tgt 620-630
Positional Trade for Mid Term
Buy Only Above 640 WCB for Tgt 840 - 1025
SL : 490 (Strict Exit)
Positive RSI Divergence, will become stronger once weekly RSI>55
ESTER |Ready for Next Leap of 50% after 10 Month Consolidation NSE:ESTER
10 Month Long Consolidation in range of 125-150 since April 2021.
Double Bottom (Bullish Pattern) at 50% Fibonacci Retracement of previous swing high.
Taking Support on 50Week SMA & Bouncing Back. Long Wicks Formation means Sellers unable to bring the stock down.
Accumulate b/w 136 - 120 as Stock will gain more strength above 140
Targets : 162 - 180 - 200 - 232
SL : 110
Golden Cross Over
Positive RSI Divergence in Weekly
Monthly RSI >60
BTCUSDT : Descending Channel BYBIT:BTCUSDT
BTCUSDT : Descending Channel
Pattern : Descending Channel.
What is Channel Trading?
When trading a channel, you use parallel lines connecting the swing highs and swing lows of a market’s support and resistance.
The most common method to mark a channel is by using trend lines.
The swing highs that are marked by the trend line known as the channel’s resistance levels .
The swing lows that are connected to create the channel become the support level.
We can use a channel to find support and resistance as the price continues to move higher or lower.
How to Trade Descending Channel ?
Sell at Resistance , Buy at Support with Price Action Confirmation.
We can use Channel to find potential breakout trade with stop loss as soon as descending channel breaks Resistance.
RSI indicator can be used to find possible bullish divergence for reversal Trade.
PNB Buy on Dips with Multiconfirmation indicates Bullish TradePNB Daily Chart
Reason for Bullish view :
1. Multiple Entry on Trendline indicates Buy on Dips. Refer Green Up Arrow.
2. Candle above 200 Moving average indicates bull run about to start for long term.
3. Daily Trendline break out with 200 MA breakout indicates confluence Trade so entred at 39.55
4. RSI Bullish Divergence in Daily Time Frame indicates Bulls are in Power.
5. RSI value above 60 indicates strong momentum.
6. Overall Momentum is Bullish
View : Bullish for long Term / Medium Term / Short Term
Buy @ 39.55
Stop Loss @ 38.00
Target1 : 41
Target2 : 43
Target 3: 45
Target 4 :48 +++++++++++++++++++++++++++++++++++++++++++
ACC RSI DIVEREGENCE with Bearish Englul WEEKLYStock Name = ACC
ACC has formed Weekly Bearish engulf Pattern which indicates Reversal from the top.
Bearish Engulf can be confirmed by Weekly Bearish Divergence.
Clear short has been formed technically indicates sell.
Important Support and Resistance has been drawn in the Graph.
PNC Infra - Ready for New ATH with Bullish Flag BONSE:PNCINFRA
Bullish Flag Breakout
Potential Upside: 35%
Tgt : 277 - 332
SL : 222
Huge Volume shows sharp accumulation
Golden Cross Over
RSI Divergence
CenturyPly- BO of Ascending Channel - Ready to Rally 24% UpNSE:CENTURYPLY
CMP = 405 is ATH.
Breakout confirmed from Ascending Channel Pattern
Ready to Rally 24% and test its Multi-Year Trend Line Resistance
Target : 496
SL = 356
Golden Cross Over signals very Bullish Phase ahead
NIFTY IT good long candidateNifty IT,cmp 36000
look around demand zone,, should look for reversal opportunity,,
Bank nifty good long candidateBank nifty spot 37575
sgx nifty indicating gap down of 200 points
looks good to go long as per chart study shared,,
long can be initiated
let see if index follow the same route map as mentioned..
Nifty Bank Rising wedgeRising wedge is formed in Nifty Bank and RSI is also indicating Heavy divergence High risk takers can buy Jan 13 expiry Put and Low risk takers can go for Jan 20 expiry put for an expected fall of about 900 points
Inverse Heald & Shoulder Base Breakout + RSI Divergence Accumulate
Positional Pick !!
Excellent fundamentals with Good Order Book.
BANKNIFTY SELL ENTRY FOR MONDAYdivergence spotted in bank nifty on 30min timeframe
PRICE is increasing while the RSI is decreasing which shows that people are not very much interested in buying side
so it could be useful on monday if we could get a proper sell entry
enter short after 15min closing below 37600
target 37200
manage proper stoploss while trading
trade with proper risk management
Bank nifty good long candidateBank nifty at good support juncture and historical study says correction time over,, and good time ahead
trend change in nifty from tomorrow onwards expected
Note :- we are long from last day and have added long today
personally holding long position
IS this RSI DIvergence in SBI card...I found this while Chart overlook ...does SBI Card shows bulish RSI Divergence on daily chart...? please kindly correct me if I am Missing something....
Hindustan Uniliver Bullish RSI Divergenceafter sharp correction in October, HUL consolidating with falling trend line resistance in November-December also shown bullish divergence in RSI..
So, up-move expected from here, wait for trend line breakout
Corrective Wave Pattern- PHILIPCARBHope the above chart helped you in understanding about how the Elliott Corrective Wave Theory works! So we have the example of PCBL here which was in a correction, forming the Elliott five waves and now is under accumulation phase. It has already broken the trendline and is now expected to break the consolidation phase and then complete our wave theory according to which the downtrend ( correction phase) is now over and now it is ready to start a new uptrend. During accumulation we can notice good volumes getting in and we can therefore expect 20% move in the near future. Feel free to give your views on my analysis. DYOR as well 👍
Happy Trading1
Buy on Bajaj AutoNSE:BAJAJ_AUTO
The Stock has already corrected 38.2% from the top and displaying strong support around 3150. The next support zone can be 2850 below which it is weak. Idea: Buy only 40% of your target volume and add more on dips till 2850.
Long signal in BASF1. Reversal from 200 EMA
2. Reversal from Trendline support
3. Short term trendline breakout
4. MACD crossover
5. RSI divergence
Breakout at Nifty Media on weekly timeframeNifty Media has given a breakout on weekly time frame after 2019. The chart has crossed up 200 dma recently. Weekly time frame shows a hidde bullish divergence on weekly time frame. My view is bullish for medium term considering the indicators on weekly time frame.
