On the Weekly time frame, AFFLE has corrected to its last level of retracement, is taking support from its long trend line and now has a Hidden Divergence in place for it to move upwards.
On the 1 Hour chart as well, it is breaking out of its trend line with an Inverted Head and Shoulder pattern along with a Hidden...
Nifty View: With today's flattish move the benchmark Nifty has created somewhat like a “Spinning Top” on the daily time frame. This suggests uncertainty and incapability to hold onto the new life high. This failure was mainly due the underperformance that we noticed within the banking and auto stocks. We can also observe a price-momentum divergence on the daily...
CADILAHC HEALTHCARE SEEMS VERY BULLISH FROM HERE.
1) Near multi-year support of June 2017.
2) Good risk-reward ratio.
3) Support Re-testing.
4) BUY from current levels with Sl 550 on a closing basis.
5) Positional view for the first target of 600 if crossing above this levels........ hold for 660/700 levels.
6) RSI divergence on the daily chart.
7) CUP pattern...
Nifty View: The benchmark Nifty index seems to be in no mood to consolidate or slowdown. A gain of over 150 points in today’s session takes the index to a new life high and close at 17,247. Early signs of price-momentum divergences have stated to shape up in the intraday charts which can lead to a consolidation, but considering the underlying momentum and...
As per the chart, there's a clear positive divergence on the hourly time frame.
On the daily time frame, the prices are at a crucial support zone with a bullish harami candlestick pattern hinting at a bullish reversal.
Prices have also breached the trend line confirming the entry signal on the hourly chart.
You can consider adding a fresh long position here...
Tata motors on a 15 min timeframe is forming a descending triangle. It might breakout of the consolidation as there is volume support as well. Nifty Auto looks good to support this. There is a positive RSI divergence in the same timeframe at that exact price point. This also supports this analysis.