Perfect Digital media stock at bottom level1) Stock corrected from life time high to 0.38% Fibonacci level
2) made double bottom or W shape pattern with divergence
3) Trading in oversold zone
4) cross trendline
Wpattern
Infratel Long Double bottom Action/Reaction TradeThe pattern is simple and clear so doesn't require much details. After breakout it is retesting from the above which could be an opportunity to go long with small stop loss. It has also broken the down sloping trendline.channel and trading above it convincingly another confirmation for a trend reversal. One can look a target of 357 - 370.
Hindustan Unilever W Pattern !The stock has formed a clear W pattern so need not much explanation. One can go long and by providing suitable Stop Loss for the complete fill of valley.
Divergence of MACD silent reversal signal BHARTOARTL longThe stock is in downtrend making lower lows. IT has given first reversal signal forming double bottom and also divergence at this level in MACD/RSI. One can enter the long trade now as the risk is low. How far it would go only time would tell but 325 seems quite reasonable expectation.
W pattern BHEL BUY !Here exists a beautiful W pattern buying opportunity in the stock. The second bottom has shown a divergence also. Normally the target for the W patterns are big reaching the area from where trend started, let's see how this stock moves. Good risk to reward ratio. WEducational purpose as I am not trading it.
