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Bullish Divergence

Lucrative opportunity for long term buyers!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 breakout from that channel with volumes. - Currently on the brink of reclaiming 50 DEMA of 1716. I would like to see HUL cross it in the coming trading sessions to go long for the next leg of rally till 2000 levels while reclaiming other longer term moving averages in process. - Mild bullish RSI divergence was also observed. Conclusion : Long term trend is positive and still intact. If you are looking for a long term bet, this appears to be a right time to enter this counter. Let me know what you think of this opportunity.
NSE:HINDUNILVRLong
by BullBaba92
An investment idea in MARUTI on NSE (INDIA)This is weekly chart of MARUTI on NSE (INDIA) with CMP @ 7165. It seems to be a good investment opportunity in this scrip based on following observations: 1. During the week starting 10th July 2017, there was sharp fall in the price and then immediate recovery in the same week. It entails that huge demand surfaced in the week. Again the same level has been tested on 8th Oct 2018 and 22nd Oct 2018 before it indicated reversal. (these points are marked on the chart with arrows). 2. Price retraced to key level of 61.8% on Fibo before it is showing reversal as shown on the chart. 3. Double horn formation can be witnessed during 22nd Oct - 29th Oct 2018) 4. Price came quite close to EMA200 before showing reversal post consolidation. Similar price behaviour can be seen on the chart earlier during 29th Feb to 4th April 2016) before major bull run in this stock. 5. Bullish divergence is also witnessed on RSI as indicated/marked on the chart. In view of above, it looks an excellent stock for investment perspective with Stop@ low of previous low.
NSE:MARUTILong
by DEVERAMA
LONG in TVS MOTOR on NSE (INDIA)This is weekly chart of TVS MOTOR (CMP @ 553.45) which looks good for a long trade based on following observations: 1. A trendline has been drawn which has been tested for its reliability many a times as established support as shown on the chart. This established trendline once again was tested on 8th Oct 2018 which also coincides with key retracement level of 61.8% as shown on the chart. 2. Counter trendline which acted as resistance many a times, has also broken out. 3. Bullish Harami was formed in prior week starting 22nd Oct 2018 followed by bullish confirmation candle in the last week. 4. Price reversal is witnessed post bullish divergence on RSI as shown on the chart. Hence, it could be a good long trade with stop @ 524 and then trailing the same to ride the trend. Happy trading !!!
NSE:TVSMOTORLong
by DEVERAMA
Investment idea in PFC on NSE (INDIA)This is weekly chart of PFC on NSE (INDIA) trading at CMP of 93.65. It looks an excellent investment idea based on price behaviour as illustrated below: 1. Price is trading in range (70 - 160) since Feb 2014. Upper and lower range have been drawn on the chart indicating various supports and resistances using arrows. 2. Activity in the scrip can be witnessed observing volume bars of last 4 weeks. 3. Price has reversed after indicating bullish divergence (marked on RSI ) after testing lower range. RSI (59.2) shows strong momentum. Hence, it is likely to target 160 (upper range) and hence it becomes a good investment choice at CMP of 93.65 (70 % ) Happy investing...
NSE:PFCLong
by DEVERAMA
VIEWS ON ESCORTS FOR LONG TRADE ON NSE (INDIA)This is daily chart of ESCORTS on NSE (INDIA). After substantial fall in price from 1017 to 541, it is showing reversal and could be a good long trade based on following observations: 1. It is reversing after testing key supports which are shown by arrows on the chart. It is a kind of triple bottom. 2. OI built is also observed in futures contract of current month. 3. Besides price action as mentioned in preceding point no. 1, there is clear bullish divergence as seen on RSI which has been marked on the chart. There is a strong support zone in a range of 540 to 550 and hence it could be a good investment idea. Kindly opine so that we all get benefitted through cross learning.
NSE:ESCORTSLong
by DEVERAMA
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views on AMBUJACEM on NSE (INDIA)This is weekly chart of Ambujacem (spot). Following observations indicate that it might soon give an opportunity to go long in this scrip: 1. It has been trading in a range 185 to 280 since May 2014. It has made a low of 188.50 in the last week and finally closed at 190.45. This implies that it is trading at lower range near support which has been respected many a times in past. 2. As mentioned in the preceding point, range indicating support and resistance have been drawn on the chart. 3. Bullish divergence as marked on RSI in the chart can be seen signifying loss in momentum towards downside. In view of above observation, it can be a good forthcoming long side trade with favourable risk-reward ratio if it shows reversal bullish candle on chart in near future. Happy trading !!! Kindly share views for cross learning
NSE:AMBUJACEMLong
by DEVERAMA
Views on Nifty50 India According to my opinion, Nifty is at strong support and there is high probability of its reversal. In forming this opinion in falling market, following considerations have been made: 1. Nifty is trading at strong support zone which has been drawn on the chart based on past price behaviour. Hence strong support exits in range 9950-10000 (NSE -Spot) 2. Clear bullish divergence can be observed on RSI which has been marked on the chart. 3. Bullish divergence can also be seen on Bollinger band which has also been marked on the chart. 4. It is also observed that highest open interest ( put option ) in current series (November 2018) is built up at strike price of 10,000 indicating strong support. Hence, there is possibility of upside of Nifty up to 10490 which is resistance as shown in the chart. Happy trading !!! Kindly share your opinion and viewpoints
NSE:NIFTYLong
by DEVERAMA