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Rsidivergence

RSI DIvergence for Bull/Bear TrapToday on Nifty, It was a bear trap after consolidation, Generally, we wait for a strong 15-minute candle when breakout/ breakdown happens. Today after the breakdown Nifty again started an upward journey, Most people thought it's going for Retracement Maybe. It spent some time on the breakdown Point. At this time if we see RSI, It was showing strength and was indicating that Nifty will go up and it was Fake Breakdown. In the past 3rd Candle RSI was at 33 and then at the same price level it was at 38, It was a clear signal that It's Bear Trap. RSI divergence help to pick easy trade. NOTE: Just compare past some candles for RSI divergence, Do not go with a long trade setup. Its most useful in intraday trade
NSE:NIFTYEducation
by tbgokani
Bullish RSI spotted in CELRBullish RSI divergence can be seen in the above chart alongside a consolidation followed by a breakout with a huge volume and then a retest. It is on its major support, take entry when it forms a bullish candle just for the sake of confirmation. Enter with a stop loss on the 20 EMA support and this setup shall work. Since RSI is one of the most reliable indicators and here I have used volume as well this breakout is strong enough. Rest depends on the reaction of Bitcoin because its looking weak now. I have kept a big R:R but keep it 1:4 only and keep trailing your Stop loss. Happy Trading!
Long
by meetmoneypenny
NIFTY METAL INDEX time and price analysis.Nifty metal Index now at 5770 Time Cycle 1 , Based on Fibonacci extension,, Price wise the extension of 1.618% of last down swing have now extended to maturity levels,, ended this week,, Price wise the extension of 1.618% of last down swing is around 5971 levels,, still 2 to 3% move is pending.. So price and time squaring around the same point in trend,, when ever such scenario happens ,, trend change can be seen. Time cycle 2 :- weekly time cycle of 188 bars Calculating from last 2 swing peaks,, index is making peaks after interval of 188 trading weekly bars,, Now this time 188 trading weekly bars mature in second week of august month,, which indicate a peak for this up trend if we go as per past history.. Bearish divergence,, Price is making higher high, where as RSI and MACD Indicators are not able to make fresh high and are infact making lower high,, giving bearish divergence,, RSI have given breakdown from rising channel formation and is continuously trading below the breakdown levels,, MACD have also given bearish cross over from the peak and still is not able to regain it positive stance with the recent upmove,, Elliot wave :- Index is in impulse wave 5 of impulse phase,, which is considered as euphoric wave,, so if corrective phase ufolds going further ,, than good retracement of the current upmove can be seen it's time to be cautious in metal sector,,, Trend change possible soon...
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C
by RUDRA007
25
BALKRISINDRSI Divergence Sharing for study purpose only. BalkrishnaINd Making Lower lows on charts. For early indication, we go down on Hourly charts. As prices are moving down RSI is not making Lower Lows. (Marked with red arrow) You can check on the lower time frame also on 15 min/ 5min charts. It's an accumulation zone for the stock which can give a good up move in few days. SL stays if RSI breaks the pattern and makes a new low or support zone break. IF you can observe it's not breaking the RSI level of 40 on daily charts. Which can also give us buy for Grand Father, Father and son strategy. Keep watching the stock and keep learning.
NSE:BALKRISINDLong
by Pro_Trader_GRV