Stock has been lingering around long term resistance of 200 for quite some time now. Notice the hidden bullish divergence formed with MACD and RSI. Can it break the triangle and go up?
ONGC has formed a rounding bottom with a flag. Notice the hidden divergence. Seems to be a good medium term buy.
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
Seems like MOIL is forming a H & S pattern on daily charts. I have seen several smart chartists in this forum reporting it as a LONG. Can someone help me in identifying whether this is a wrong pattern?
2 strong days for Axis bank. Can it breach the resistance? Buy above 519. SL - 513. Experts and mentors kindly share your opinion
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.
MCLEOD RUSSEL has seen strong volumes with prices breaking previous resistance in the past few weeks. Expect to reach 200 in a few days.
RSI and MACD increasing, Buy above 397. Tgt - 412 SL - 381.
Stock has broken out with huge volumes following spectacular result. A flag has been created. Let's wait and watch any upward move. A hidden bullish divergence has also been formed.
Stock is trading inside a nice channel. Let's see how it goes.
MACD and RSI going down. Prices have seem to take a hit at 92.50. Short with Target of 87.50
* Stock has recently formed a bullish divergence. * Stock has broken the resistance channel today. Thoughts please.
Daily charts with MACD shows regular bearish divergence. Corrections around the corner?
Short once price breaks channel. Views invited.
Very new to Technical analysis. Seems like TAMO is forming an ascending triangle with Fib 0.382. Inviting expert comments