RSI Last 3 bottoms making a bullish divergence signal, then price confirming a impulsive breakout. Price make a consolidation pattern right now, I guess a flag/ zigzag pattern may play out. Now we wait to see if the price can breach the next resistance line.
Reliance cmp 2318 Rising trend line resistance counter gave breakout from cup and handle pattern with cup height of 735 points and after breakout today counter have completed up move of 735 points this might also mature the up move price making higher high,, rsi making lower high bearish divergence. from recent bottom of 867 counter took 85 days to reach previous...
Aave got nice room to grow here, with a bullish divergence pattern on RSI and Price action. 0.236 fib level could act as resistance (or 50 level on RSI), but if broken 0.00006765 would be the next target. That is where I am looking for. Daily RSI look good aswell, where the RSI has to found support above the 50-line to continue the uptrend.
One of my first analysis post on Tradingview. Observation - See a rising wedge pattern potentially resulting in a reversal once the lower wedge has broken down. See a negative divergence on the RSI with the ascending wedge and lower buy volumes marking lower momentum among bulls. Trade recommendation - Will trade the crude as RSI goes...
Infosys counter is forming bullish bat pattern on hourly time frame,, prz zone in range 907 to 913 ,, good reversal can be seen from this zone,, view gets negated if counter breach level of X point and sustain for 10 mins below this levels,,
Hdfc bank bearish Bat pattern formation PRZ range 1139 to 1154 view gets negated above 1163 reversal confirmation below 1120 levels down side levels of 1070-1020-980 can be seen
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
ultratech cement have formed bullish gartley pattern fomation on hourly time frame,, perfect fibonacci retracement levels as per harmonic study,, counter can give strong reversal from this levels ,, view gets negated below 3820.....
The speculation and the hurricane season should be finished. Eliott pattern is also done and there is a nice bearish divergence. Target 2.20
Nifty spot cmp :- 11473 Harmonic study :- Bearish AB =CD formation (Pre-assumtion), Bullish Cypher formation (Pre-assumption) Nearest resistance level is around 11530 levels which is recent peak made by nifty spot,, above that index may move up by 100 to 120 points to complete bearish AB=CD pattern , whose PRZ is around 11636 to 11640 levels, which will be the...
BEARISH RSI DIVERGENCE ON THE DAILY CHART, FORMING AT THE MULTIPLE TIME TESTED RESISTANCE LINE. DOUBLE TOP CHART PATTERN CONFIRMING REVERSAL ON THE DAILY CHART WITH BULLISH ENGULFING SIGNALING GOOD ENTRY REASONS.
RSI and MACD Bearish Divergence -Sold off once but keep an eye on levels if you're long -If long need to watch for demand to increase or prices will pull back and kill premium.
Hello dear traders . Gold will up to 1950 . i think it,s good range market .
Is it time to buy Apple stock? No! Wait for the correction! Like other companies in the technology sector, which in recent months have been rising more and more, it's time to turn on the red alert. For those who own Apple stock, it is recommended to protect the invested capital. Good profit is profit in the pocket. For those who are not purchased at Apple,...
There are a few things to pay attention to on the chart here - First we notice that price has reached a convergence between a short term down trend and long term up trend, the implication here is that we should expect a break out - Second we also have a support level that we are retesting here forming a potential double bottom - Third we notice that the...