After the recent correction in feb and mar month, most of the sectoral indices showing hidden bullish divergences in weekly time frame. They are: small cap mid cap realty energy commodity consumption service So we may expect a good recovery from the current dip and continuation of the medium term ...
In weekly, price at horizontal support zone and hidden bullish divergence formed here. https://in.tradingview.com/x/4EI02jM7/ In daily, regular bullish divergence formed here. current correction retraced around 50% of previous rally. https://in.tradingview.com/x/d4ovojGI/ sl - 273, tgt1 - 363, tgt2 - 470
in monthly, price bounced from ascending channel support, also hidden bullish divergence seen here, https://in.tradingview.com/x/KK21kDCs/ in daily, price making higher and higher low, closed above upper BB and BB is expanding - sign of bullishness https://in.tradingview.com/x/fUIg6C6P/ sl - 630, 1st tgt - 930, 2nd tgt - 1000.
In monthly, price took support at long term support , also trend line resistance broken here in weekly, regular bullish divergence formed here. also price started pushing upper BB upwards with high volume https://in.tradingview.com/x/AO9yPnc5/ with a sl - 133, 1st tgt - 193, 2nd tgt - 240 3rd tgt - 300