Will IT index bounce from the support zone that is seen retested on. weekly charts ? There is a momentum bullish divergence see on RSI that could cause a medium term reversal after a major correction happening across the IT stocks? potential for mean reversion trade do exit. However a close watch on what Nasdaq does now is also crucial which currently hanging on...
'Flag pattern' breakout on daily charts in progress.Also the weekly charts show that a 2011 year started 'Rounding pattern' breakout in progress Momentum bullish on all timeframes.Bullish reverse divergence in play on daily.weekly The trend indicator ADX showing that the trend strength rising up on weekly timeframe.Volumes on weekly are above moving average and...
#HDFCBANK after breakout beginning of month it has retraced to resistance zone which could result in change in polarity bounce in addition it now has bullish momentum reverse divergence as well both on daily that could take it back to 1598 at least. remember both are not confirmed yet. however make note that there is resistance up there at 1641 but that has...
#havells the breakout is yet to happen clearly from the W pattern and is consolidating since it touched the neckline. But good thing is that there a multiple bullish reverse divergences seen on the daily timeframe and there is good probability of this working out to make happen the breakout Havell's remain potential breakout candidate pattern seen. Momentum and...
#HDFC daily momentum bullish reverse divergence with a ranges shift bounce in progress.weekly momentum forming range shift from sideways to bullish.monthly also got back into bull zones.formation of a rounding pattern with potential breakout.
#ApolloHospital wish had not missed that bullish momentum reverse divergence just before that 21% breakout which is now history and educational only :)- reminds need do the homework of scanning stocks regularly. great volume, momentum resulting in a consolidation breakout. Now need wait for a retracement levels for any entry
A hammer on weekly and bullish momentum divergence on daily already work in progress could indicate the previous bearish divergence moves is probably arrested at support zone and is likely to move up.stocks could be picked once momentum reaches above bull zones.
Metal sector index last week went bearish following a weekly divergence It now has a unconfirmed bullish reverse divergence on weekly and could take momentum support and bounce Daily momentum has touched 40 support. In short any bearish further from here is bearish confirmation and reversal.
#nationalaluminium #nalco 4 bar bullish momentum reverse divergence seen on weekly charts that could pull up to 98 levels again. Daily momentum has taken support and bounced up.it could also turn out as a resistance acting as support and change in polarity bounce up move is also a possibility. Long entry on confirmation if next week candle staying above this...
#SIEMENS momentum bullish reverse divergence on weekly seems working now with a bounce near support zones. all timeframes have good momentum and trend.
#TATACHEMICALS bullish kicker pro gap with good volumes on daily hit the previous resistance zone.Earlier weekly momentum bullish divergence met target levels and a bearish momentum divergence could be potential concern for being cautiously bullish if it breaks out further .
#Piramalenterprises weekly bullish momentum reverse divergence in play.daily showing momentum breakout.all timeframes have good momentum and trend.
Reliance 3 bar bullish momentum divergence seen on daily timeframe awaiting confirmation and if it moves above which could bring it back to at least 2075 again.the stock is at a support zone currently and in consolidation mode
#BalkrishnaIndustries weekly bullish momentum divergence seen. all timeframe has enough momentum to breakout. daily is trending in a channel upwords
Nifty Pharma bullish momentum reverse divergence awaiting confirmation. Previous week had bearish momentum divergence met the target when index dipped near 6% and bounced back.
Reality Sector Index shows bullish momentum reverse divergence which could mean further upmove.it was consolidating after an earlier breakout from a rounding pattern.All timeframes have bullish momentum and trend. #dlf seems to be breaking out. godrej properties on verge of one.