During the recent correction, NSE:HINDUNILVR has retraced to 61.8% Fibonacci on a weekly timeframe, forming a long wick, suggesting somewhat strong reversal from that zone. With strong Q2, the stock might test 1680 levels.
As shown on a Monthly time frame NSE:HEROMOTOCO , the stock is both at strong bullish reversal and at resistance. With muted Q2 2018 results, the stock might dip towards 50% retracement of the last candle, which should be accumulated with given stop loss for a R:R of 2+
Bearish Divergence on Monthly time frame and break of trend line confirms the short setup. NYSE:BRK.A
On weekly timeframe, NSE:BANKNIFTY shows a strong rejection at 71.6% Fibonacci retracement levels with a Bullish Engulfing [/i ] candlestick pattern. One can constantly go long, on the break of 25500 levels on spot for a target above 26300+
Wait for 500 - 540 levels to accumulate NSE:MOTILALOFS and give it to your children!!!!
Crude WTI should cool down to $64 before starting yet another leg.
Self Explanatory: NSE:DIVISLAB On a daily time frame it has formed head and shoulders pattern and retest of the breakdown happened. On weekly time frame potential trend reversal has occurred.