After the recent correction in feb and mar month, most of the sectoral indices showing hidden bullish divergences in weekly time frame. They are:
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.
In daily, regular bullish divergence formed here.
current correction retraced around 50% of previous rally.
sl - 273, tgt1 - 363, tgt2 - 470
in monthly, price bounced from ascending channel support, also hidden bullish divergence seen here,
in daily, price making higher and higher low, closed above upper BB and BB is expanding - sign of bullishness
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
with a sl - 133, 1st tgt - 193, 2nd tgt - 240 3rd tgt - 300
In daily, price bounced from horizontal support and flat lower BB, also hidden bullish divergence formed here,
in weekly, BB is trending up and candles are sustaining above 20 ma,
in longer time frame, round bottom forming here
with sl - 150, 1st...