What is Bearish Divergence? Regular bearish divergence occurs when the price of an asset reaches a higher high, but a technical indicator, such as an oscillator, forms a lower high. This suggests that the upward momentum is weakening, and a potential trend reversal to the downside might be on the horizon
What is Bearish Divergence? Regular bearish divergence occurs when the price of an asset reaches a higher high, but a technical indicator, such as an oscillator, forms a lower high. This suggests that the upward momentum is weakening, and a potential trend reversal to the downside might be on the horizon
Please read the chart and wait for the buy call to generate. Don't enter prematurely.
A good VCP pattern going on in LICI, a good entry point can be once it starts to form a rounding pattern or consolidation.
233W 64-8 VCP Completion. Let's hope it fly away from here and competes our aspirations.
I love riddles and that may be a reason why I love Stock market. So for #Trent I have created a riddle, Let’s see who can solve it. Along with the solution, there is an attachment of a great learning resource on stock market price action.
A very crucial point in the Railway sector as all the railway stocks making almost similar patterns i.e. 3-TP-Bearish Pattern. Let's hope the pattern breaks and we get another rally.
Refex is a good case study for Hidden Bullish Divergence. Big Base, Higher Lows formation, Increasing average volume what is there not to like? Shaky Market Conditions.
Target should be 294 in the next 6 months. A Cup is expected from IEX
Although a very risky pattern, but highly profitable. Disciplined SL is required to trade in this pattern
#GENESYS is a Classic VCP Example, according to the chart pattern going long is the only option from here, but then again this is stock market, teaches us a new pattern every day.
NO STOCK RECOMMENDATIONS, only for Learning Purposes. The stock is trying hard to break the trend line after the listing itself and may break it on the 5th attempt (just like CA or IAS aspirants, JSK) May go long after that but need to be cautious if it breaks the support trend line.
It may take 7T at least to gain strength and breakout. 5-6 Weeks wait is imminent. Entry after 7T Pivot Point.
Torrent Power is at a dilemma level, if it goes down from here it may get a weak support at 1602 and a strong support at 1530. But since the 1672 level has double support, 1900 level is not far away, I guess.
It is very early to predict the pattern, and idea may go various ways, but Fibonacci level support are there so chances are very strong. 2-3% SL is a very good idea. FYI: This is not an Investment idea, just trying to capture early VCP Pattern
LICI is in very critical condition, already Level 1 & Level 2 acting as strong Resistance, needs to bounce back from here or needs a strong news or else it may reach Level 3 very soon and will have to take support from there.