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Rsi_divergence

Reliance good long candidateReliance spot cmp 1875 Bullish crab pattern formation PRZ zone around 1840 levels SLZ zone below 1780 levels on closing basis Target around 2000,2060,,2135 levels.. Elliot wave counts Counter is trading in major impulse wave 3 of bearish impulse phase,, Major wave 3 can mature around 1800 levels,, If major corrective wave 4 unfolds from this levels we may see good reversal till levels of 2050 to 2150 levels.. Inter mediate impulse counts of major wave 3 , may mature around 1840 levels and reversal for corrective phase can be seen RSI divergence :- price making lower low and RSI is making higher low,, bullish divergence observed in this last fall,, indicate reversal on cards
NSE:RELIANCELong
by RUDRA007
1
DNLI - short term swing upDNLI pulled back into support zone 39-40 (horizontal & 50% fib retracement of the recent AB swing up) and started to stage a rebound last Thursday, followed by a retest of the support zone on Fri and again rebounded to close with a bullish dragonfly candlestick. This coupled with bullish divergence between price and RSI increased the odds of a sustainable bounce from here (with a stop loss just below the support zone @ 39). However! (risk disclaimer here) with presidential election and earnings round the corner, it might be prudent keep positions small or scale out at least partially before these events. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
NASDAQ:DNLILong
by Juliac
2
Bearish view on Adani PortsNSE:ADANIPORTS The 15 min. chart of ADANIPORTS shows bearish view as it form three black crows at the resistance level of 366.90 It has also formed a bearish divergence with RSI. In 5 min. chart is has slipped below the 50 days Moving Average. It is about to form a bearish MA cross in the upcoming Trading Session. It can possibly touch its support at 346 in upcoming days. Target 1- 354(Inverse Golden Level 0.618 of initial support-resistance swing) Stop Loss- 369 I can be 100% wrong. Do your own analysis before trade. Happy Trading!
NSE:ADANIPORTS
by ishaagarwal782