Bullish Divergence
most of the sectors looks bullish in short to medium termAfter 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 uptrend.
mastek looks bullish in short to medium termIn daily, price trading above strong resistance zone, volume supporting the up move, also hidden bullish divergence formed here,
in weekly, candles are riding the upper BB and BB is expanding and trending up,
in monthly, we can see the overhead resistance at 500
with sl - 340, tgt - 500+
jindal steel looks bullish in short to medium termIn 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 tgt - 177 2nd tgt - 208, long term tgt - 343
axiscades looks bullish in medium termIn 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
bharat bijlee looks bullish in medium to long term.In monthly, it has formed a round bottom pattern, and breakout happened with high volume, now it is retesting the breakout level,
in weekly, it is bounced from trend line support and hidden bullish divergence is formed here,
also in daily, after a downtrend, trend line resistance broken with good volume and regular bullish divergence is formed also
with a sl - 700, 1st tgt - 1900, long term tgt - 3600