Jubilant food has been underperforming since few years.
Stock has formed strong positive RSI divergence at confluence of supports.
Above 500, reversal will start and above 600 , reversal will be confirmed.
Valuation wise, not a good stock but RSI divergence stock are known to give quick, big moves.
All positional traders shouldn't miss this stock
stock corrected almost 50% from its 52 week high
and we can see double top formation and price corrected
and now double bottom is formed
and cup is made of double bottom with falling wedge as handle
now we can consider it to be in the buyzone and we also see rsi positive divergence + price closing above 75 ema
so multiple signals prove that we have a...
we can see double bottom , rsi positive divergence and now the price is above 75 ema so it is in buying zone and price already corrected from 52 week highs can accumlate for good risk reward ratio
we can see price is falling and rsi is showing positive divergence the stock has fallen from very high price till now did not rally in this bull run so it might turn around
In this chart, RSI (Relative Strength Index) study is carried out on 4h timeframe chart with possible support zone/range and targets. Previously in chart after bearish formation, we saw sharp fall in price both the time. recently in chart, we can see the formation of Bullish/Positive divergence is visible, which suggests (not every time) the end of bear's strength...
Bullish divergence in the RSI indicator and good upside movement with good spike in volume can be seen in TIDE WATER OIL. Buying at current levels can be a good pick. Above horizantal lines in the chart are the targets for this trade, would suggest to book some part of your profit at every horizontal line/resistance. Can go for the target of levels 2147.30, 2280,...
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...
On the hourly time-frame chart we can observe the positive divergence against the prices.
As the candles have broken out from the trend line it was a good entry confirmation.
Stop-loss will be the low of the swing.
First target level will be 291 levels.
VIP Industries gave a really big Breakout on 12 August 2020 hitting an upper circuit of 20%. Stock is looking really bullish and ready to hit 500 by the end of the year
Simple setup of tata steel bsl for positional trade - positive divergence at bottom and also above crucial level with huge volumes. Looks good at current levels to enter with Tgt - 100 ++
Nifty making double bottom at 14250 with positive divergence on RSI. Buy Nifty for 14575/14650 and 14750. Invalid view below 14200 on closing basis or on 4hourly closing.
