Look at the RSI and MACD Levels from 2015, 2016 and NOW. Whenever RSI is @ 70 odd levels, there is a potential downside to NIFTY.
In the daily charts, there is a regular bearish divergence that is forming as well.
Just look at KSL forming a text book bullish divergence on both MACD & RSI. Pick up this stock now and watch it go up!
With infra & housing in demand, KSL is one of the major beneficiary who will supply steel products to these sectors.
Please support and let me know your thoughts
Beautiful channel play with Kansai Nerolac. If it crosses 400 which is the first resistance, stock can fly.
Notice the hidden bullish divergence with M40ACD.
Buy above 400 with SL being Channel bottom.
For a year, the stock has been trying to break out the current resistance umpteen times. Yesterday huge volumes were witnessed with a positive indication on MACD & RSI.
Buy above 29
SL - 28.35
Tgt1 - 32 ( 10 % )
Please provide your valuable feedback which would help me improve my ideas each time.
With the cement Industry growing day by day, can Ambuja Cement breakout from the narrow band? RSI and MACD shows positive signs. Stock has seen heavy +ve volumes in the recent weeks.
First Tgt - 280
SL - 235
Company is a niche player in fresh fruits and pulp exports.
Stock has been consolidating for the past 2 years. Promoters have recently increased stake in the company.
Recently it seems like someone has started accumulating the stock and the price is ready to break out from the narrow triangle.
MACD has just crossed above signal and is above 0.
RSI also is in an...
Welspun has been trying to break out from the current level twice now, but this time the volumes are in favour of the textile stock.
RSI and MACD also showing momentum. Can it break out?
Buy above 85. SL 82.5
As @bearishbull pointed out rightly, there is a hidden bullish divergence in the RSI and MACD levels as well.