Divergence Trading is lucrative as the price movement following a divergence is with high momentum, hence rewarding with decent Risk:Reward.
The common way is to add conventional RSI and check for divergence . However we often found that many of the vanilla RSI divergence signals are conveniently ignored by the following price action.
Then the question is:...
SBIN
- The stock has seen a nice recovery over the last couple of days rising from the Budget day low of 499.35 to 567.9 today
Observations
- The zone o 560-580 is very important for SBIN
- Black Line of Resistance coincides with Yellow Downtrend Line at around 580 odd levels
- 61.8 Fib retracement level is also at 579.80
Making the current zone all more...
Greetings, traders! Today, I am sharing an exciting trade idea for EURUSD that could potentially yield profits. The currency pair has broken the bearish trendline on the 1-hour chart and has retested it, suggesting a potential uptrend.
My suggestion is to consider buying EURUSD from 1.06450, with a stop loss at 1.071. The first target is at 1.0728, which could...
JSLHISAR:- Rounding bottom pattern is formed, strong stock for short term, wait for breakout, then plan something, keep an eye on your
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow...
Chats by kitty traders -
Lptusdt in bear trend bcoz of BTC long opportunity is mentioned in chart at support tartegs are resistances kindly follow for more updates
KABRA EXTRUSIONTEC is currently trading above the zone that previously served as a solid support zone.
On the current timeframe and higher timeframes, the stock is trading above the 50EMA and 200EMA, indicating a positive trend.
We can see that the price has returned to test the head and shoulders pattern's breakout, and we can also see that the selling volume is...
Long Nifty bank above the BO of marked TL above 40350 for the next target of 41260-42000 with SL 39800. All important levels have been marked on the charts. Good risk to reward trade. RSI is also forming positive divergences. W pattern is also seen on the charts. This is for your educational purpose only.
Today's expiry was totally different, something i havent seen for many weeks. Mainly the premiums were dead low coupled with directional move that came very late in the day.
Traders who got into straddles & exited by the noon would have made handful today, but people like me who depend on volatility as entry criteria would have been disappointed.
Today's opening...
Today was relatively flattish trading day except may be the period 13.50 to 14.10 when we had a minor scare !
There are 2 major news, one acting on the bull side & the other bearish for NSE:BANKNIFTY tomorrow !
HDFC & NSE:HDFCBANK merger news
2. India's GDP rises to 4.4% vs 4.6% estimates
India's GDP Growth Slows To 4.4% In Q3; Pegged At 7% For Full Year
So...
where are buyers and sellers
long base is forming and why tradingview isnt allowing me to publish this chart without a proper description.... look at chart there is nothing to describe in it ..... it came in scanner of 52 week high and i am not seeing why such long bases at the top
Bank nifty price action is getting exciting day by day, @TradingView has opened up this feature called as Minds (with the call out icon) - its like a running commentary we can do while the trades are taking place.
Let me explain few pointers posted in the TV minds & why it made sense then.
NSE:BANKNIFTY opened gap up at 40259, the first 3 candles looked quite...
Nifty is approaching the demand zone. So wait for the correct entry. We can easily take 200-500 points with good risk-to-reward trade. Pro traders wait for the price to be approached near the area of value. Any bullish signal or price action movement with the combination of RSI will take a long entry. This is for your educational purpose only. will
Nifty
As suggested earlier Nifty closing on last Friday suggested battle of Bulls and Bears still in balance. The importance of 17965 was highlighted... Nifty opened gap up exactly at that levels but Bulls are looking nervy as it couldn't sustain above that. The 2 hourly candles gave a close of 17959 and 17964
- Now On Hourly charts Nifty has closed below the...
Key highlights:
- Possible selling climax at previous ATH.
- ATH acting as a resistance.
- Buyers seem to be exhausted.
- Monthly demand zone 50-52k.
- May head towards the demand zone in the next 2 quarters.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning....
