🇮🇳 DHANI TREND BREAKOUT For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
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Nsestocks
#banknifty look good on both side $BANKNIFTY1! global data seen negative
but we need to prepare on both side movement
we need to see global market closing at the morning
1) if positive we short Banknifty or buy PE at 42000 nearby level
2) and below level we taking PE by trialling stop loss
3) if sustain above trend line we buy for the target at upside
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 !!!
Ramco cement breakoutPVR Chart is is on strong weekly support.
Entry: above 738.4 based on volume profile
Stop loss: 719.25
Target : your R&R ratio
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning
Eat🍜 Sleep😴 Job & swing Trade📈 Repeat🔁
Happy learning with Earning. Cheers!🥂
Axis bank multi year breakout and retestAxis bank Chart is recently breakout from multiyear resistance. and retestead that level also
Entry: near cmp
Stop loss: if close below 820
Target : as per your risk/reward ratio
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning
Eat🍜 Sleep😴 Job & swing Trade📈 Repeat🔁
Happy learning with Earning. Cheers!🥂
TATAMOTORSELLO GUYS THIS MY IDEA 💡ABOUT TATAMOTORS is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
GRP LTD Double Bottom BreakoutThe idea here is about GRP LTD:
GRP Ltd is engaged in the production of reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, molded rubber products for different applications in both, tyre and non tyre rubber products..
1. Broken out of Ascending Triangle, Double bottom & retesting of support & neck level in progress at the time of publishing.
2. Trading above 20 & 200 EMA on daily chart.
3. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily chart is Strong for an upward momentum.
4. RSI is at 70.46 on a Daily Chart at the time of publishing.
5. MACD Way above signal line on daily chart.
6. Hull Moving & other moving average is a strong Buy on Daily, Weekly & monthly chart.
7. Wait for retest completion for long entry. However, keep in watch list for the week & alert for price momentum.
Projected targets as per Ascending triangle & Double bottom provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Royal orchid hotels ltdRoyal orchid hotels ltd good for swing trading
breakout on weekly chart
volume high on daily chart
Buy 272
1st target 329
2nd target 385
sp 211
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes
HDFC BANK LongIndian private bank king is ready to make an impulse in the long direction be in the trend for the rewards
1 Week time frame
Factors which im considering
1) RSI divergence
2) Piercing candle in the support of 50 sma
3) Support in 50 sma
1 Day time frame
It has taken good support in 1 day time frame of 50,100 sma( simple moving average)
reversal pattern in 1 day time frames
4HRS TF
It is forming a bullish correction and continuation pattern along with the support of sma (50,100,200)