IMTL shares are sitting right in the sweet spot in a MACD bullish divergence setup. Volume has been off the charts in recent action as the company hits the wires with a series of very significant announcements, including truly explosive growth in image uploads and submissions for its Fotofy.com in-image ad network segment.
Ultimately, this is a nascent growth...
This one is amazing confusion created in price action patterns , and any one can be fooled with this kind of large % move by price , but if you know how to look it , then you will know what is going to happen next ,
I made an small efforts of placing an abc corrective label on MACD as they are very clear , but in price pattern its very messy , Look for...
Nifty is looking short as MACD has turned below zero line. Moving averages are above candlestick. Long term support line could be tested before the next upmove. 10900 & 11000 call can be sold keeping 10840 as stop loss for position. Target would be 10540- 10410-10340. 10700-10750 would be the resistance zone to create position. People may play for H&S and might...
KSCL - SHOWING BULLISH SIGNS
KSCL HAS SHOWN A STRONG BULLISH REVERSAL SIGN WITH THE MACD DIVERGENCE AS INDICATED IN THE CHART
USUALLY DIVERGENCES PLAY A CRUCIAL PART IN THE TREND REVERSAL AS THEIR ACCURACY IS 9/10.
THIS CAN BE A SHORT TERM RALLY, ENTER ONCE THE PRICE CLOSES ABOVE THE 20 DEMA LINE.
HAVE A TARGET OF 40-50 POINTS
NSE:UPL is one of those stocks where it seems bearish phase is yet not stopped. Fresh signal are given by MACD crossover as well Stochastic crossovers. Interestingly both are also giving bearish divergences (observe down arrow) which confirms our short selling call. Short Sell in range of 700-705. Targets will be 693(T1), 680(T2), 672(T3). A stop loss of 709 is...
Pcjewellers is expected to move upwards due to MACD crossover indication on charts
Buy PCJEWELLERS at 333
Stoploss 310
Target 355-365
Enjoy! Happy Trading
ITC is poised for strong either way move, considering MACD divergence & BB squeeze, it is likely to move upward.
Above 270, it is expected to reach 290.
