M92_S

M92_S

The monthly chart shows that the prices are touching the moving average (middle band) if the Bollinger bands for the first time after a 26 bars (monthly) rally. It also touching the RSI level of 60 for the first time from above. On the WEEKLY chart it can be seen that it has crossed below 50 EMA with average volumes and there is no strong bearish follow up,...

M92_S

As it can be seen on the Daily Time frame chart The price has moved down from 55165 to 53833 (-1332 points) during the time period of 25/10/24 to 13/11/24 While during the same time period the RSI has moved upwards from 28.99 to 30.66 It is a 13 bar divergence If the RSI crosses and sustains the level of 40 on Daily time frame , we could expect an upmove...

M92_S

It can be observed that - *Monthly RSI is near 60 *Weekly RSI is near 40 * Daily RSI is around oversold zone Also it is approaching the support zone of 255/250 The correction/fall is missing any high volume/distribution days, indicating mild selling pressure

M92_S

As marked on the Monthly time frame of Nifty - During an upmove in the market when such hanging man pattern is formed, - The following month has shown Bearish/Sideways movement in the market - Similar "Hanging man" candle can be observed for the month of August As of now since the commencement of September trading month we have seen a fall of 481 points...

M92_S

Tata Steel :- - Monthly RSI showing signs of Divergence - The same could be observed on Weekly RSI as well - On daily the candle formed on 26.04.24 seems to be bearish in nature with high volumes forming a double top around the levels 165/170. The Fib retracement could be seen plotted at 154-150, 0.5/0.618 respectively. A short can be initiated from the levels...

M92_S

Real Rally yet to start or market soon to be on crash mode? Weekly Time frame - * Adx is not yet above 20 but is approaching from below * +ve DI is above 20 at 28.05 * -ve DI is below 20 at 15.77 * Price action reversed at RSI 40 (Levels 2240/2250) in October'23, that was a breakout in June'23 * RSI closed above 60 in 2nd week of December'23 * Closing is...

M92_S

Tata Motors DVR - Cup with Handle 6 Years Cup with Handle Cup Neck Line - 287.00 (01/05/17) Cmp - 309.95 Entry - 298.50 (4% from Neck line) Stop Loss - 281.25 (2% from Neck line) Target 1 - 328.35 Target 2 - 361.20 Target 3 - 397.30

M92_S

Honeywell Auto Ind - - Multiple months Triangle Pattern - Trendline since March'21 - +DI rising above 20 along with ADX above 20 - RSI consolidation above levels 60 since 3 weeks - Ichimoku Cloud support

M92_S

Script - SIEMENS - Monthly RSI - Above 60 - Weekly RSI - Above 60 - Daily RSI - At 60 Entry - between 3650/3680 SL - 3615 Target - 3870/3880 , trail above these targets if holding.

M92_S

* Monthly RSI Bounced from 60 * Weekly RSI in-between 40-60 (upwards) * Daily RSI at/below 60 - Spinning Top on weekly TimeFrame High - 612.00 Low - 532.25 - Target - 691.75 Enter based on 612/625 range B/O with Small SL

M92_S

* Bajaj HLDG approaching 200 EMA (5855.30) on Daily time frame * Monthly RSI above 60 * Daily RSI approaching 40 ( currently at 48) * Trendline support from 6-7 months * Entry on positive candle with confirmation - Looks bearish as of right now but with positive market and positive price action with confirmation on Daily/Hourly time frame would give a good R:R

M92_S

SONATA SOFTWARE - - Cup Pattern (1 year 3 months) (WEEKLY time frame) - Breakout on March 1st, 2023 - Level 768.70 - Approaching retest zone of 768.70 - 753.00 - Entry on reversal Price Action * Monthly RSI above 60 * Weekly RSI above 60 * Daily RSI approaching 60 Chances of bounce/reversal on daily time frame Targets - 1. 809.50 2. 822.25 ...

M92_S Updated 

- Monthly RSI above 60 - Weekly RSI above 60 - Daily RSI approaching 60 from above - 15th & 16th Feb, Breakout and consolidation, forming a base Target - 4042 / 4185 (approaching ath)

M92_S

RSI on Aug 29, 2022 - 85.63 / Closing price - 394.50 RSI on Oct 07, 2022 - 84.03 / Closing price - 632.95 Overstretched scenario, Rsi divergence on daily charts make an unfavorable RR. If breaks the levels 594, next support @ 520/525 (11% roughly) If holds the levels of 594/590, wait for next BO

M92_S

- Nifty moving within a Falling channel - Unable to sustain below the upwards trendline - Previous fall from 15827.85 - ADX showing a upward direction - Rsi above 60 It can be R (15827/15880) to S (15550) or a Breakout, can get a clear direction on Monday's closing / Tuesday. (convergence of falling channel and upwards trendline)

M92_S

- Weekly trendline tested 6 times already - today's closing if below the trendline, it could fall further below towards 32250 follow by 30600

M92_S

- Recent downside move of 34.33% - ADX turning downwards (both adx & -ve DMI) - "Morning Star" pattern on Daily chart with adequate volumes - RSI at level 40 from below to upwards Today's closing above the bearish candle on 14 march'2022 , should trigger an up-move and the target can be 513-518 levels (13%)

M92_S

Heavy divergence on daily time frame? - Nifty Futures Correction? Sideways? Stock Specific movements? Indices Options Selling?