A long position can be taken based on the following observations
1) A Strong bullish divergence can be observed on the MACD indicator.
2) A Double bottom can be observed at current price levels.
3) Stock is trading near EMA 200 and has a strong possibility of reversal.
4) Stock is trading near S1 level on Fibonacci Pivot.
Long position may be taken at S1 Level...
Take Long position on Bharati Airtel at current levels
A Double Bottom pattern has been formed,
there is high chance of reversal from current
levels, as the stock is trading at S2 level on
Fibonacci Pivot and EMA 200,
To further increase posibility of reversal
A weak bullish divergence can also be observed.
Buy MARICO at current levels
- A Bullish Divergence can be observed
on MACD chart
- A Double bottom has been formed
- Currently the stock is available at
S1 level of Fibonacci Pivot
A Bullish Divergence and Double Bottom
can be observed on the chart of Muthoot Finance
currently, the stock is available at S1 price
of Fibonacci pivot, this level is very difficult
to break making it ideal for a long entry
with the target at 1189 (At Pivot)
![EURINR: [BUY] EUR INR is on a multi year support](https://s3.tradingview.com/k/KOaDTTb6_mid.png "[BUY] EUR INR is on a multi year support")
