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How Divergence was giving Adequate Warning - Adani EnterpriseDivergence has been very successful in Indicating a reversal well in advance. Of course, not all the indicated divergences resulted in successful price reversal. But Divergence on larger timeframe means at least be cautious !! Most of the traders who trade divergence combine multiple indicators for confirmation, which is fine. But in my opinion never trade against a divergence, specially if it happened in a bigger timeframe/larger timeframe. Which indicators can be used for divergence ? Most of the divergence indicators are based on oscillators and the idea is to find divergence between price movement in the chart vs the oscillator. Following are examples of some indicators which can be used to determine divergence: RSI MACD Stochastic/Stochastic RSI OBV CCI Aroon Willian %R (Please let us know which indicator do you use for divergence, if it's not in the list) My indicators are mostly based on RSI and MACD and no one needs any fancy indicators to determine divergence. Examples of Some Divergences ADANI GROUPS Adani Ent (specifically) was showing an extreme divergence on daily chart recently, even much before all these controversy was on!! Please look at all the three oscillators in comparison to price chart. There were enough divergence to stay away from all the longs. Now, switch on to weekly for Adani !!!!! (The red color change in the first divergence indicatot is noting but RSI overbought zone) Now, tell me, wasn't there an like never before weekly divergence??? Adani was all set to burst since 19 Dec 2022 weekly candle. NIFTY CHART - (DAILY )- BULLISH & BEARISH IN ONE CHART Please have a look into this - The first divergence is bullish and second one is bearish !! How beautifully captured. Now you ask, can a price reversal happen without divergences?? The answer is yes. But I would say, if there is a divergence, most likely price would move in favour or at least, if doubtful stay away !!! The irony and the most wonderful thing about divergence, that people don't understand that, these divergences can be traded for a great risk reward ratio !!!
NSE:ADANIENTEducation
by KachraStocks
2
MARUTI - NSECompany website - www.marutisuzuki.com 49 % market share in Indian automotive market ( passenger ), slowly venturing into commercial also. 1800cr invested for future EV ready battery projects. Roll out of EV charging infra by 2023 leading to mass acceptance. Currently only 3 electric models in India across brands, charging times are high, avg range is less than 300km, not enough chargers on road, so still needs refining. We have ICE engines for last 80 years, and still perfecting them , so EV have time, by 2025 expect disruption. No debt, huge land bank, best service centre presence pan India. When it comes to cars, a Maruti Suzuki never lets down ( Japanese tech ) Covid and semiconductor shortage hit auto markets worldwide, the share was muted. As economy reopens, things get back on track, share prices appreciates. A must have in portfolio. BUY
NSE:MARUTILong
by EVOQUE5000
7
NiftyBank trend for tomorrowToday a V- shaped recovery has been seen in Niftybank from previous day's low of 41900 today it stand near 42500approx and it moves beyond that and went upto 42700. If this upward trend sustains above 42700 for tomorrow then it will hit 43000++ and will show strong momentum. But it has reversed somewhat today which shows a clear indication of inverted head and shoulder pattern on a 15 min timeframe which says if it crosses below 42300 and sustains below that then niftybank will hit 41900 and fall below that which will ruin everyone's portfolio to some extent. So, basically what I am trying to say is that opening and the market momentum after half day will clear our confusion. Moreover DIIs buying in cash market was more than the sellings by FIIs today.
NSE:BANKNIFTY
by TripuraInvescorp
2