HDFC LTD trading at spot price of 1920.05 as on 21st Aug 2018.
After reaching its 52 week high around 2050 levels on 30th July 2018, the stock made a strong pullback and then firstly took support at EMA 50. Post that, a short bounce has been seen which is not well sustained and the price dragged towards below 100 EMA and made a low of 1881 on 17th Aug 2018. On...
At Support Zone.
AB=CD in progress.
Targets will be updated later.
AB=CD Target 311.
Below 257 pattern failure.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Maxindia is trying to bottom out. Weekly positive #divergence in #RSI observed since April 2018 as prices made lower lows (last low of 68.75 in June 2018). Today's daily #candle made low of 75.30 and closed at 83.05. Will get interesting if it closes above 88. #watchlist
NSE:ICICIPRULIICICIPruLife is trading near support area of 360-365 from where it has bounced two times in past one year, same is visible in above chart. We are expecting similar kind of bounce back from these support zone and risk reward is favourable. RSI is showing upwards divergence on daily charts.
We are recommending strong Buy around 373-376 with Stop loss...
Stock has formed big W reversal pattern and showing bullish divergence therefore it looks good for buying at this level. It has broken the short term trend line and RSI (14) is also healthy above 50. One can buy the stock now for a target of 4000 in due course by providing suitable SL.
Disclaimer : All ideas are my personnel view. Please take financial consultancy...
It is observed that at current level demand emerges and price bounces back. It has formed a bullish Engulfing candle and RSI is also showing divergence. The stock is in downtrend and is still in oversold zone but still one can try a long here by roviding reasonable SL. Increased Volumes at bottom also confirming the long decision. Pharma stock has shown a good...
The stock has formed 2B reversal pattern with RSI divergence. It has already formed 5 pivots which suggests a possibility of reversal. RSI is back from oversold zone. One can buy the stock for a target of 83.50 * lucrative 10% appreciation *. Recent low should protect the trade as SL.
Disclaimer : All ideas and comments are my personnel view. Please take financial...
As we can see that prices were in corrective mode since long time and it has been rising since couple of weeks. On weekly charts prices has tested the lower band of triangle and started recovering from bottom. Rsi Divergence also suggest that there is strength in Market and looks good on bottom of the chart. I do expect that if someone want to accumulate they can...