Nhpc Long Buy below/at 95
Target 3 = 107.30 with trailing stop loss
Target 2 = 103.32 with trailing stop loss
Target 1 = 99.19
Stop loss = 90.93
Just paper trade,
This is not a financial advice.
Stochasticdivergence
Shorting JupiterSell above - 399.85
1st target - 347.85
2nd target with trailing sl - 330.55
Stop loss - 434.55 or as per your appetite
Just Paper Trade.
“Allovir” A LONG Story.Buy below .6698
Target 1 = .7167
Target 2 = .7604(only with trailing stop loss)
Stop loss = .6235
And like I always say do not believe in what I say or post, sometimes I don’t believe myself. It’s not a suggestion/recommendation/advice to buy/sell
Just paper trade.
GG.
Axis Bank Short OppurtunitySell Price above 1122
Stop 1153.80
Target 1043.15
Just for Educational Purposes not a recommendation/suggestion
Maybe try Paper trade
Divergence Cheat Sheet / Types of DivergenceWhat is divergence?
Divergence is a method used in technical analysis when the direction of a technical indicator, usually some form of oscillator ‘diverges’ from the overall price trend. In other words, the indicator starts moving in the opposite direction to the price and the trading oscillator signals a possible trend reversal.
Once divergence appears, there is a higher chance of a reversal, especially if divergence appears on a higher time frame.
Oscillator indicator for divergence patterns is Weis Wave Volume, macd, the RSI, CCI, or stochastic OBV.
Types of divergences
There are 4 types of divergence, which are broadly classified into two categories:
1) Regular or Classic Divergence
2) Hidden Divergence
With each of these two categories, you have a bullish or a bearish divergence. Therefore, the four types of divergences are summarized as:
1) Regular Bullish Divergence
2) Regular Bearish Divergence
3) Hidden Bullish Divergence
4) Hidden Bearish Divergence
Divergence patterns indicate that a reversal is coming soon and becoming more likely but this is not an instant change. The more divergence there is visible, the more likely a reversal does become. Here are some guidelines:
The entry can not be taken on the basis of divergence indicator alone.
It’s best if a trader mixes the divergence indicator pattern with their strategy.
Use Higher time Frames.
Bearish divergence on PELThe analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
Stochastic RSI Divergence in LT for Target of 1385+If stock trading above 1175 in today's session then can go long for a target of 1260 and 1385+ with the close stop loss of 1145. This trade can give good 7:1 risk rewards.
Possible Trade:
Buy LT above 1175
Stop-loss 1145
Target 1260 1385+
Short BataIndia Jan FuturesAfter a sustained uptrend BataIndia looks weak at top. Stock after touching 1163.65 (which is 100% Fibonacci extension from the SPL of 1075) looking set to reverse its trend. Its giving divergence as per stochastic and all set to test 1138/1126/1114/1097 levels on near to medium term. Today also stock tested 1138.7 which is its 38.2% Fibonacci retracement. Its good to short between 1153-1170 levels with a target of 1126/1114 with a stoploss of 1177 on closing basis. Its strongly advised to hedge the positions to reduce risk on your portfolio.
EUR/USD Technical analysisThe 4-hour chart of EUR/USD indicates that the pair is currently in downtrend.
The pair made a strong downside move and it is currently at support levels of 1.15108.
Also, stochastic indicator is showing a divergence , which indicates a subsidised momentum.
Hence we can expect the counter to be bullish until it reaches the target of 1.15553 .
Short RBL Bank tomorrowMutiple bearish divergences in stochastics as well as negative MACD crossover makes NSE:RBLBANK as 'SELL' cadndidate!
Short NSE:RBLBANK tomorrow with a target of 507(t1), 501(t2) & 496(t3). A stop loss of 517.3 is highly recommended.
