XAUXAG chart again touched its long term weekly support of 68.5 in Dec-Jan and seems to have bounced off of it. RSI divergence is further supporting the bullish view on the Gold/Silver chart. Initial level of 82.5 is possible in the coming weeks.
KOTAKBANK is giving bullish divergence on RSI on the 30 min time frame. Looks like a bottom is in place and the stock can reverse. Longs can be initiated above 1860 for immediate target of 1900-1905.
Reliance gave a breakout and saw some profit booking.Now after consolidating there is bullish divergence seen on charts which means if #RIL breaks 2040 and sustains will gear for 2180-2200 zones
buy at 171-173 on pullback
Targets: 180 | 185 | 190 as per Fibonacci retracement levels
Bullish divergence on the daily is an additional reason to go long
Results announcement on 6th November
ITC is one stock that is exhibiting 4 strong buy signals:
1. Price Action - The stock has been trading in a price action value area as indicated in the box. Can zoom out to get a better view. See the linked ITC idea on how to exploit it best.
2. Regular Bullish Divergence - There is a clear bullish divergence as indicated on chart.
3. Declining volumes also...
Bullish Divergence : Indicates underlying strength. Good entry or re-entry. This occurs during retracements in an uptrend. Nice to see during the price retest of previous lows. “Buy the dips.” Buy Positional ~ 2156, Stop ~ 2120, Target ~ 2250, 2280
RBLBANK IS SHOWING BULLISH DIVERGENCE IN 1 DAY CHART WITH RSI once is closes above exponential moving average 5 that is 263.5 target is the gap as shown in chart with square that is 284 approx BUT 1 ST TARGET IS 270 2ND IS 277 AND FINAL ONE IS 284 STOP LOSS WILL BE 247
NOTE: FOR EDUCATION ONLY NO ADVICE GIVEN
IT WAS MOVING IN A CHANNEL LINE BUT NOW IT HAS BROKEN UPPER CHANNEL LINE WITH HUGE VOLUME PLUS BULLISH DIVERGENCE SEEN IN STOCHASTIC RSI FIRST TARGET IS 162 2ND TARGET IS 170 STOP LOSS IS 146
NOTE: please do your own analysis i am not advising anyone to take position in stock
NSE:CENTURYTEX it has posted a good results, Weekly having hidden bullish divergence, but also having a rounding top can wait and take positions accordingly. Buy target 1100 Sell target 750
Analysis:-
- Previous week ending 5th April was bearish for HUL. Then a green Doji on 8th April showing indecisiveness against the bears. This was followed by bullish candles confirming a trend reversal this week.
- This reversal happened exactly at the long term trendline as shown.
- Stock moved in downward channel for past two months. Finally appearing to...
