RBL Bank Cup and HandleNSE:RBLBANK
Rbl Bank is forming a Cup since march and completed in July while the Handle is still in formation making a Cup and handle pattern to make a bullish breakout in future.
In 1 hour chart its making same combination of positive and bearish divergence with RSI twice signifying a bullish view in coming period.
In 1 hour chart the price is below 50 days Moving average and the long term MA has crossed above the short term MA implies it will fall more to complete the channel i.e.. the support line of handle.
it has successfully touched the 0.786 level of previsious bulish swing i.e.. 162 and will fall till 0.886 level -inverse Fibonacci retracement.
I can be 100% wrong.
Do your own analysis before trade.
Happy Trading.
Rsi_divergence
Escorts good shorting candidateEscorts is on verge to complete its impulse phase of elliot wave, if corrective wave unfolds from current levels we made see retrace ment of around 10-15-20% in counter from current levels,,
best range to go short is around 1140 to 1180 for safe traders
view gets negated above 1221 on closing basis of hourly candle,,
Looking for a sell on facebook- Price way overextended to the upside on the daily timeframe (just like Tesla btw)
- Price retesting top trendline multiple times and rejecting it.
- CLEAR divergence from the RSI in relation to price action
- On a shorter timeframe, it is forming a triangle and let's see where it breaks:
Gold Futures - GC1!
GC1 reached the formation target price of the ascending triangle today
Upward trend still intact
RSI is overbought on the daily and weekly chart
RSI shows a negative divergence on the weekly chart – for a further increase it would be important to cross the downward trendline
In my point of view GC1 climbed to fast in the last days. I’m expecting a break of this current steep increase in the form of a price correction in the next days/weeks
BTC is now on an ascendant channel heading to 9700 The key point is that there was a hidden positive divergence in RSI chart. On July 21st, it was confirmed and the BTC is now on an ascendant channel heading to first the point of 9700 and then more probably increased to 9900 to play completely this divergence.
From here, we will see a pool-back to the level of 9450, if so, we will be on the right channel to increase to the figures mentioned above. if not, the next stop will be 9350 in the bottom f channel.
Thanks
Watch 1.15700EURUSD is approaching yearly pivot R1 reversal level which is at 1.15700. Price broke July roof and is approaching Camarilla R5, from where price usually reverses and drops back to the broken monthly roof (Cam R4 at 1.14000). We also have significant divergence on MACD and RSI (which is also overbought on daily) which also indicate that the bullish move is likely to end. I would watch for a reversal pattern at yearly R1 - monthly Cam R5.
Long term downtrend 2014-2020 on monthly is slightly above as you see.
Gold strong up trend but ending soonWeek has past by with a really good movement to the upside in a bullish trend but the sign indicates a down trend happening with Elliott wave analysis in a fifth phase is starting a new wave 2 formation of a correction phase after the implesive wave and the indicators agreed with the Rsi and Bollinger brands.
NASDAQ Divergence on the Daily chartTake a look at the divergence that happened in February 2020. Well that same divergence has happened once again in a similar scale so we can expect a similar type of sell off. Not to mention how overbought the Nasdaq is doing, many will take this as a sign to take their profits.
EURCAD 4H Potencial scenario for sell. We are on key level of resistance. We have double top wich is clearly seen on 1h + divergence on RSI. We have 3 tp levels - you can open 3 positions for every TP , or open 1 position and close 30% on every tp and move sl in profit. The SL is small and thiny above the tops This is agressive entry so please do not risk more than 2%.
Hdfc bank good short candidateHdfc bank positional short candidate,, can be sold in range 1080 to 1130,,
view gets negated above 1200 levels on closing basis
down side breaking 983 and closing below this levels for 2 consecutive days would confirm trend reversal
fast and furious fall can be seen below 983 levels to levels of 888,,777
time horizon will be 2-3 months,,,,,
Bajaj finance a conditional sell candidateBajaj finance :-
Darvax box consolidation are peak levels,
Rising Wedge pattern,,
Bearish harmonic Shark pattern fomation,
Bearish divergence on RSI indicator,,
50% Time and Price retracement,,
Breaking below 3190 which is support as per darvas box and also trend line support of rising wedge pattern,, and sustain would lead to fast and furious fall,, for 10-15-20%,, view gets negated above recent high on closing basis,,,
Nifty pvt bank index probable short candidateNifty pvt bank index have formation of bearish harmonic ABCD formation,, and given reversal from the same levels,, bearish wolf wave formation have given breakdown from trend line support,, nearest last support around 12300 levels of 200ema, breaking this would lead to fall of 1000 to 1200 points fall in this index.