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Rsi_divergence

BULLISH on INDIAMARTNSE:INDIAMART The price has given a breakout from the channel pattern. The breakout is with good volume. The MACD is bullish and RSI is above 50 showing good momentum. The MACD and RSI also showing the divergence from he prices which implies that this correction is over and bottom has been made. The view is for 6 to 9 months. SL levels is around 4165.60 and the Target levels is around 5981.50 The price is still below 200 dma and can face resistance there so it is recommended to buy in a staggered way, some on the breakout and rest when price crosses the 200 dma. Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:INDIAMARTLong
by Kunal-Battu
Zydus LifeSciences revesal - hammer and RSI Bullish DIvergenceZydus Livesciences Time Frame: Weekly Name of Pattern: Hammer View: Potential reversal What is a Hammer Candlestick? The hammer candlestick is found at the bottom of a downtrend and signals a potential (bullish) reversal in the market.The most common hammer candle is the bullish hammer which has a small candle body and an extended lower wick – showing rejection of lower prices. The pattern indicates that the price dropped to new lows, but subsequent buying pressure forced the price to close higher, hinting at a potential reversal. The extended lower wick is indicative of the rejection of lower prices. Current Market Price (20 May 2022) = 356.85 Name of Pattern: Hammer Breakout (344.60) Technical analysis: 1. In weekly Time Frame at the bottom Hammer breakout confirmed at 344.60 in Weekly timeframe. 2. Trendline Brakout due aroun 360 -362 3. Stock is in range of 330-375 from last 12 weeks indicates accumulation between this levels. 4. RSI indicator: RSI BULLISH DIVERGENCE. This indicates potential reversal is due in zyduslifesciences at 362-362. Possible entry : > = 360 -362 Stop loss : 346 Note : Same reentry in case of retracement. Swing and long term Targets: 375-440-499-540 - 600 - 664 - 700
NSE:ZYDUSLIFELong
by FalgunPrajapatiTrading