Shorttermbull
Wipro : RSI Bullish DivergenceLet's understand the RSI Bullish Divergence before we take it into account.
RSI Bullish Divergence
Like all indicators,Divergence also fails sometimes, Success rate of RSI Bullish Divergence is 40-45% for Trade
RSI Bullish divergence will provide good accuracy in Daily Time Frame . As per my view avoid shorter time frame anything below 60 mins
RSI Bullish divergence is formed in Bearish Market or Bearish Price Structure ,It will hard to find in Bullish Market Trend or Bullish Market Structure
Let's decide whether this Bullish divergence of RSI will work for us or not
RSI Bullish Divergence Appeared on Bearish Price Structure - Looks Positive for Trade
Price has fallen almost high from 613 to low from 390- Looks Positive for Trade
Volume trend has been strong over the past few days - Looks Positive for Trade
Trade Set Up
Stop Loss Should be the recent low which is 390Rs (Lower Low Point)
Entry Point Should be the recent high which in 430 Rs (Lower High Point)
Target 480-490
Happy Trading ! Support Trading Community !
Lauras Lab - Short-term BullishLauras Lab - Short-term Bullish
1. It's in a short position and has a good chance to move upwards direction with the small target of 475.
2. If the target of 475 is achieved and opens and closes above that means, then it may have a good recovery rally to 500.
3. Now form a raising wedge pattern after the retracement.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NAMINDIA - Short-term BullishNAMINDIA - Short-term Bullish
1. Short-term Bullish when it crosses 300.
2. Target will be 340.
3. Looks like more than 40% correction from the all-time high.
4. Stock may recover when the market moves to stable mode.
Note:
1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
Neulandlab - Down trendNeulandlab - Down trend
1. In a Downtrend, falling wedge pattern.
2. 1010 - 1050 is a very strong support zone.
3. If breaches 1000 it will fall.
4. For the short term it might move upwards to complete the double bottom pattern.
5. Target maybe 1250.
Note:
1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
AU Bank - Inverted head and shoulder pattern - BullishAU bank is forming a H and S pattern on hourly chart with positive MACD and RSI.
Short term trend is positive. We can see 1350 - 1355 levels in short term.
All the levels are marked on the chart.
Disclaimer: All the levels are for educational purpose.
swing zeel Enterprises Ltd. with a target price of Rs 200. The current market price of Zee Entertainment Enterprises Ltd. is Rs 183.35.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1808.56 Crore, down -8.86 % from last quarter Total Income of Rs 1984.39 Crore and up 35.13 % from last year same quarter Total Income of Rs 1338.41 Crore. Company reported net profit after tax of Rs 208.77 Crore in latest quarter.
BALMER LAWRIE- Swing tradeBalmer & Lawrie is in critical trendline support region. It can move upto 160 in upcoming weeks.
Its good for Short term Investment or positional traders. Additionally, the Corporate has announced Rs 6 per share dividend can lift the stock price till the Ex dividend date (17 Sep). Its good to hold the stock until it breaks the Trendline on downside.
Kindly share your valuable feedback.
Disclaimer: Please do your own research or consult your advisor before taking any trade. This view is for educational purposes only