MrAkshatP
Long

Positive Divergance

BSE:GRAVITA   GRAVITA INDIA LTD.
On stock Gravita India as previoisly I have mentioned negative divergance on daily charts it is showing positive divergance on hourly chart after taking support over 50 days EMA .. I think it has made a bottom on support of 50 days EMA ... Now my expection is it may boom to 75-80 region within 2-3 months....Good to buy at current level value for money ......

CMP: 50.25

target 1: 60
target 2 :75
target 3 : 88+




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Trade closed: target reached
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Comment: second target reached :D
Trade active
Hi my request is please check once the Monthly candlestick , May be you will notice the price rejection on higher side and the candle pattern represents the reversal sign
Wish you good luck with your trading seasons
Cheers
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MrAkshatP shiv2798
@shiv2798, yes i have checked .... inverted hammer is formed this month.... but RSI and bollinger bands are still in bullish move....
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katneni MrAkshatP
@MrAkshatP, Hi akshat i see a hammer formation at the end of the day let us see for a conformation on monday morning, pardon me if am wrong.
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hello, @katneni, it is in bullish move so it is good time to buy from here..... I have also made a position at the price of 50.5.... risk reward ratio is best in this ...

please like and follow... :)
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@katneni, 9% upside move ...
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katneni MrAkshatP
@MrAkshatP, You are spot-on bro cheers
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Is price have reached bottom ? or will it move little more or will it rebound ? where we should enter ? where we should place stop ?
Please explain
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MrAkshatP shiv2798
@shiv2798, this is perfect time to enter.... with SL of 48 -49
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I hold my conviction on this stock..i don't know whether it might boom to target 3 in next 3 months but it will definitely cross 58.8 it has a strong potential to go above 58.As rsi oscillator shows that it has currently formed bullish positive divergence, even the nature of this stock confirms this...so its a shot time buying opportunity the stock might enter into a new trending phase.
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I am watching your analysis constantly u gave very profitable scrips previously keep it up and this is the perfect positive rsi divergence which will be very profitable....
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