ITC | Retracement done and looks good to bounce - RSI divergence showing up - 7% CMP : 201 SL : 196 Target : 215 1:3 risk reward setup Ideal to sell PUT option with hedge, but cash pick also safe as it has limited risk.
ITC Forecasting , Positive RSI divergence ITC is trading at its crucial support around 165 & Now RSI is also accelerating Positive divergence towards demand zone. We can see first moves toward 180 if it successfully cross the 174. If it fail to hold 165 then we can see next support at 157.
SBI has fallen more than 50% three times in the last 10 years. In order to find a rationale to invest, we have analyzed SBI in different time frames. KEY OBSERVATIONS- 1. Demand Zone - A demand Zone is an area where buyers dominate over sellers, there is massive buying pressure in this zone. SBI is currently in demand zone which is around 160 to 150 levels. This...
Stock should bounce from from 1570 levels and after crossing 1600 levels, one can go long for a good upmove
If 2000 Level breaks, it may give positive divergence failure, can give good risk reward ratio once confirmed at least 400-500 points Final Target if 2000 breaks 1600 levels are easily achievable
Positive divergance in daily candle chart Buy with SL of 175 and TGT AT 195
Rpower is showing positive divergence on daily chart. If it is a parallel channel, then stock should move up towards 8.30- 8.70 zone. Trader can buy at 5.60-5.80 with stop loss below 4.20 for target of 8.70. It it gives close above 9, then one can expect rally towards 13. Note : We have buy position in RPower.
UPL is looking for some upside. Positive divergence on RSI Indicators are there. Rest Everything mentioned in the charts.
BHEL is currently at 136 levels in downtrend... Trend reversals signals : Postitive RSI Divergance, Bullish Hammer and Bullish Engulfing Candlestick Pattern indicates that strong uptrend trend will start.. Targets are 140/147/155/168+ SL : 130 Risk Reward is favourable.. Note: Do your own study before making any positions...