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Reversedivergence

#FEDERALBANK Potential breakout for positional betThis banking stock is consolidating forming a potential breakout from a flag kind of pattern. The momentum on daily also has a a potential reverse divergence that is bullish if it plays out. The momentum n=and trend indicator are bullish on all time frames. 91 could be A good support below which could be stop loss for swing/positional trades.caution that the upside moves could Turn out slow and treacherous since previous resistance at 110 and ash 125 level where appropriate trailing stop loss could be applied. By the way this is big bull Jhunjhunwala invested stock.
BSE:FEDERALBNKLong
by seekedgetrade
#Network18 Mahurat Trading Positional mid cap Momentum Breakout'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 walking on Bollinger bands indicating bullishness This small cap media stock promotors includes reliance with big bull Rajesh Jhunjanwalla investment too. latest Financials shows debt reduction and current year turning profitability as well. This could be good swing or positional bet with rounding pattern neckline should be stop loss
NSE:NETWORK18Long
by seekedgetrade
#ICICIBANK Breakout, bullish divergence &gap support with a doji#ICICIBank 18% breakout from previous resistance in just 2 weeks following earnings but gave up half of it forming a indecisive gravestone doji at a gap support.what else to do when even index gives up >5% in same time. Daily timeframe has a bullish reverse divergence that could lift it up. Momentum is very good on all timeframes intact in bullish zones ADX trend strength rising up on weekly and dmi positive in bullish zones and rising as well. Above moving average volumes on weekly.Banking index also is at a support forming a hammer bounce candle. Be cautious on the dojo on weekly as it indicate the bear pressure. Therefore gap support should be stop loss for swing trades with entry above previous candle high.
NSE:ICICIBANKLong
by seekedgetrade
#sunpharmaceutical cup and handle weakly breakout positionl longThe stock on weekly chart had earlier broken out of a cup and handle pattern and consolidated post to that to further move up and now has a momentum reverse divergence which is bullish to take it further up if it works out to happen. However caution need to be maintained with tight stop loss since the ads trend strength has taken a bent on the top which may be indicating a reduced trending move.momentum is bullish on medium and long term but short term need catch up move and entry need be made only if u see daily momentum rsi > 60. Positional entries need consider breakout neckline as stop loss while swing trades should consider previous support levels for exit.
NSE:SUNPHARMALong
by seekedgetrade
#polycabindia momentum breakout in progress#polycabindia momentum breakout momentum and trend indicators indicate bullishness on all timeframes. momentum seen breaking out of a parallel channel with large volumes too. bullish divergence currently being played out has met the target on last move and need give some space since diluted momentum divergences exit at the same time.swing trade and entry only if any retracement comes and 2030 is a resistance zone from where it breakout should be stoploss
NSE:POLYCABLong
by seekedgetrade
#nationalaluminium #nalco bullish momentum reverse divergence #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 weeks low as stop loss could work out low risk trade. metal sector is also having enough momentum.
NSE:NATIONALUMLong
by seekedgetrade