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IOC : Breakout in MACDIOC is showing a flag pattern after recovering from lows of 72 to 94 price levels, has been in consolidation mode for past 40 odd days.
On friday the stock gave a breakout on MACD indicator and most probably might give a break above 88 levels tomorrow.
I am looking for a gap-up open tomorrow above 88 levels for target of 96 & 106 for this expiry.
Keep a watch on IOC for this week.
The RSI and MACD are displaying divergence, if the formation is The weekly banknifty chart has closed negative this week, back to back two bearish candles also indicates momentum suppression in the index. 31800 will provide immideate support to the index, giving away this may push the index to 31300 levels. However the trend is still up and any bounce from the support will push banknifty up 32600, 32800 & 33300 finally. The RSI and MACD are displaying divergence, if the formation is not negated in coming sessions then correction is quite probable.
Bata India: Has the trend bent?The stock was into dominant trend up, last few months the stock hasn’t displayed any zeal to move up. Now at a high intensity resistance level, the price consolidated and formed a negative candle pattern. The RSI is into neutral zones creating bearish signs. Macd is into bearish zone. The stock is expected to correct to 1620-1540 levels where it may find support. Above 1735 the bearish analysis is negated.
IMTL Dbl Bottom and MACD "Buy Signal" on Huge VolumeIMTL 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 story with some strong accomplishments in play since the Fotofy launch in August:
- Launched digital analytics dashboard for image owners to track use and sharing
- Installed and deployed top-down central analytics facility for management of network
- Negotiated back-end ad placement with top digital ad firm
- Finished development work on proprietary programmatic ad exchange
The data on image submissions, uploads, and image sharing demonstrate extremely robust and accelerating growth:
- Sep month/month growth in images submitted onto the Fotofy platform: 200%
- Oct month/month growth in images submitted onto the Fotofy platform: 3,840%
Management also notes that the Company has set two primary near-term goals: 1. Upload the first one million images to Fotofy, and 2. Generate a run rate of over one million sharing events per month. Once those goals have been achieved, the Fotofy Ad Network will become a significant factor in driving near-term revenue growth.