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Rsidivergence

Hero moto case studyHERO MOTO SPOT 2675 HARMONIC + PRICE ACTION + CHART PATTERN + TIME CYCLE + HISTORICAL CYCLIC STUDY TIME FRAME :- WEEKLY We have considered historical case study, where counter gave a upmove of around 128% after that there was a retracement of 30% and finally a up-move of 81% In this historical case we have considered pole and flag pattern formation,, where flag formation is in form of falling contracting wedge.. time of flag formation was around 39 weeks. In flag formation there was formation of double bottom pattern, with positive divergence on RSI and at same time RSI gave a retest of breakout of falling trend line. After the retracement was over counter gave a upmove of 81% from the low of retracement zone,, time consideration in pole and final leg of upmove have relation of 1.2 time. Current case Study :- There was a first up move leg of 130% after that current retracement zone going on where counter have retraced 28% which is almost equal to historical case study. Now if history have to repeat counter can give up move of 81% from current bottom of this retracement zone. In this current case study there is pole and flag pattern formation,, where the flag formation is in form of falling contracting wedge, time of flag formation is almost 36 weeks, almost same a historical case study, if it have to be 39 week which means still consolidation of 2 more weeks possible in counter after that breakout from the flag formation can be seen, as time of pole formation is different for both the case so in terms of percentage time it can give breakout any time now. In flag formation there is formation of double bottom pattern, with positive divergence on RSI and at same time RSI gave a retest of breakout of falling trend line , perfect copy of historical case study. so now as per this cyclic study if counter gives breakout from pole and falg formation and time cycle maturity it can give upmove of 81% from current levels which will lead counter to around 4800 levels. and approx time for this move would be till november of 2022 as per historical time calculation. Harmonic Study :- Butterfly pattern formation on weekly time frame Pre assumption of Butterfly pattern lead us to following conculsion Leg C of Butterfly pattern formation is on verge to mature and if the final leg D of the pattern unfold , Which as per theory should be 1.27% extention of Leg XA , would lead us to levels of 4800 levels . So pattern maturity lies around levels of 4800 as per butterfly formation. Conclusion :- Two case study as per price action , chart pattern formation, time cycle lead us to levels of 4800 levels and harmonic study also lead us to levels of 4800 levels,, Counter can be considered as good investment candidate from current levels.. for targets of 3600-4200-4800 Trade type : Investment Time horizon :- 12-15 months Good investment candidate.
NSE:HEROMOTOCOLong
by RUDRA007
2
Hero Moto Corp " RSI Bullish Divergence " Spotted - Update (2Hr)Category: RSI Oversold (Higher TF) + Retracement Zone Key Highlights: 1. Bullish market structure on RSI Bullish Divergence 2. Price taking support from one of the key support levels. 3. A lot of things are going on in the backend of the company in EV Transformation and is set to pickup in some time. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk. Abhishek Singh (@Abhishek_TradersSin) ~ Middle-class IT Employee trying to simplify Technical Analysis . ~ Do follow and like if you like the work.
NSE:HEROMOTOCOLong
by Abhishek_TradersSin
1
ITC case studyITC bearish case study. Rising channel formation with resistance line around 270 levels. Bearish crab pattern formation with prz around 263-270. Elliot wave formation with impulse phase maturity around 272 levels RSI divergence between last two swing high ,, Taking all to gather 263-272 stiff resistance zone,, view gets violated above 277 levels. Counter made entry in resistance zone Not able to sustain and slips down,, First target zones of 240-246 and below 240 Second targets levels of 218-221
NSE:ITC
by RUDRA007
7
Will LUPIN be mooning soon? Buying opportunity & analysisFirst of all, let's understand the current structure, LUPIN is currently making flat Bottoms so yes! a double bottom is in the making. Here RSI which is forming higher highs higher lows structure basically contradicts the price which is forming flat bottoms so this is what a bullish divergence looks like! So now we will plot Volume profile which shows highest traded zones over the chart and the current zone comes under the highest traded zone. Another term POC (point of control) which signifies the particular price level and it's 979 and according to simple price volume analysis we know whenever POC is broken by bullish candles it indicates that bulls are now back in power so this is our third confirmation. Look at the volume expansions in the area so I've made my point clear here. Now, To Summarize! we can enter above 991 (safe entry) or otherwise right after breakout of POC with a strong bullish candle with volumes. SL Below 915 (Logic; if the bears somehow returns we've a strong support at 917 so in this case a SL below the 915 would ensure that our SL does not get hit and after that a triple bottom might form but the chances of this scenario are less but still always have a backup plan. T1- 1144 T2- 1246 Logic; based on prev . resistance zones. I hope I made this setup easier to understand. Feel free to ask any queries below. Happy Investing!
NSE:LUPINLong
by UnknownUnicorn21160479
31
GODREJ PROPERTIES case studyPRICE ACTION STUDY TIME FRAME : 30MINS Hammer candle formation on 30 mins time frame, Which indicate sellers tried to push the price down with full force but at the end were not able to maintain lower price and buyers maintained the balance of buy and sell at particular levels, excess selling was absorbed. After formation Result :- As seller were not able to manage to keep price lower, were trapped on sell side when they tried full force to maintain price on lower side, As after the formation candle there was follow up bullish candle which indicate, buyer are feeling price attractive to enter long position and total selling at that particular levels was already in system, so no fresh selling force available. Spring formatino : There is a spring formation as per price action, which means price entered demand zone and attracted fresh buying in counter which lead to higher buying force than that of selling thrust, and finally at end prices settled at higher levels. Bullish divergence :- Price making lower low and RSI making higher low, which indicate the trend in on verge to mature.
NSE:GODREJPROP
by RUDRA007
4
Reliance harmonic and elliot wave studyReliance spot cmp 2710 Harmonic + Elliot wave study Time frame :- Daily Bearish deep crab pattern formation with PRZ in range 2710-2740,, Alternate 1.618 AB= CD pattern matures around same levels.. From last 5 sessions counter is making high around 2720 levels and not able to close on higher end, Today counter gave good breakout above the consolidation of last 4 sessions but at last was not able to sustain and got sold off and again closed below 2720 levels, indicates fresh buying is missing around this levels. Counting from right to left 2 candle is long legged doji where there was indecision between bulls and bears to take the control,, Today bull took the charge but were unable to handle and landed with long tail on higher side of daily candle.. Elliot wave formation,, at the moment impulse wave 5 of major wave (3) is on verge to mature ,, if major wave (4) unfold form current levels, we may see retracement of 23.6 to 38.2% of recent swing move which may lead prices towards 2560-2480 levels. Rsi divergence observed between peak of minor wave 3 and peak of wave 5,, where prices are making higher high but RSI fails to make higher high. Reversal confirmation can be seen one last 5 sessions low is broken and sustained..
NSE:RELIANCE
by RUDRA007
1
Bank nifty harmonic + elliot wave studyBANK NIFTY SPOT 39700 Harmonic + Elliot + Chart pattern Time frame : Daily Bearish butterfly pattern formation on daily time frame with PRZ in range 39800-40000 levels In last leg of butterfly pattern that is in leg CD there is elliot wave fromation Elliot wave :- sub wave 5 of major wave (3) is on verge to mature, if major wave (4) unfolds retracement of 23.6 to 38.2% can be seen of last swing, which can lead to levels of 38700 or 38000. Major wave 2 have retraced around 78.6% of wave 1, Major wave 3 have extended around 2.618% of wave 1, Rsi divergence on hourly time frame observed in between recent swing high. Chart Pattern :- Pole and flag pattern formation is observed with height of pole around 17% after consolidated in form of flag for 32-35 sessions and finally gave a breakout,, index have completed its measured move of its pole height i.e. 17% Reversal confirmation once today gap is filled and index manage to give close below last weekly closing levels.
NSE:BANKNIFTY
by RUDRA007
2
FORTUBE: Descending Triangle and Bullish divergenceKeep FOR (Fortube) in your watchlist. Buy on breakout of the descending triangle with good volume at POC (Point of Control levels) that is the price level for the time period with the highest traded volume that has utmost importance here so when that zone breaks with good volume we need to take an entry. This is high risk trade and so are the profits. Here we can also notice a RSI bullish divergence, in which RSI looks bullish whereas the candlesticks are still neutral, also notice a double bottom. That's why it's a perfect setup. Happy Trading!
FLong
by meetmoneypenny
Spotting A Crash With RSI and MACD in five stepsFollowing are common things one can spot on weekly chart which happen before fall/crash of 2008 and 2020, similar thing can be found in other indices and on all time frames in chart 1. Price will continue to make higher high RSI or MACD indicators will show trend exhaustion with lower high not breaking previous high 2. Series of Negative divergence is seen on chart, look for 3 or more (RSI is leading indicator will produce more divergences compared to MACD) 3. Look for Head and Shoulders or Rising wedge or double top pattern on chart at top of trend 4. Finally Divergence line is broken out upside signaling final move started, that's exit signal 1. 5. Rsi will break line again downside and MACD crosses below signal line, that's exit signal 2. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis
NSE:CNX500Education
by Niftydirection
2
TataMotors | Bullish Bat Pattern | Trendline Breakout 👌Investment Purpose ! Monthly Chart Alert ! Fundamentals are good after all its a TATA !!!😅 Reversal Area near Bottom can push the price even more higher Like previous . 1) TATAMOTORS has completed the bullish BAT pattern ( Harmonic Pattern ) . 2) As per the rules , Ratios are very good . 3) Trendline Breakout with volume near support Zone . 4) RSI divergence Strategy Applied here 5) Fibonacci levels for possible Target 6) Stop- Loss Around 23 7) Volumes are Also in Supports / favor Guys check out the related ideas as well, it will work really well guaranteed ! FOLLOW for more ! LIKE if think is useful ! COMMENT Below your view !
NSE:TMPVLong
by ReviveTraders
3
How to trade using RSI Divergence?To identify any divergence, first of all look at the current structure that the price is forming like the above case, Bharti Airtel is forming lower lows clearly and when we look at RSI it is forming up Higher lows. Therefore RSI contradicts the price and this tells us that RSI doesn't support what the price is doing so it's a bullish RSI Divergence. RSI here is not in line with the price so we will be adhering to what the RSI is doing. For taking entry, we would wait for the price to break first lower low that indicates that price is now ready to bounce back and we will enter by keeping previous low as Stop Loss. This is an example of Bullish RSI divergence. Now for spotting Bearish RSI divergence the price must be forming higher highs whereas the RSI will be forming Lower highs which is an early signal that price is going against the RSI and hence we will short here. That's how RSI divergence works, hope I made it simple! Happy Trading!
NSE:BHARTIARTLLong
by UnknownUnicorn21160479
6