Nestle is showing 3 Bullish Indicators:
1 - Cup & Handle breakout 2nd time over 17500 - 17600, which is the neckline
2 - RSI > 60, beginning to show strength
3 - Overturn on MACD again and quick crossover of MACD line over Signal Line, indicating +ive divergence of moving averages.
4. High Volume spurt seen and highlighted in chart. Recovery from 17000 level on...
Bharti Airtel,
After long period of downtrend and reversal confirmation is now poised for further upmove.
As you can see from chart, Cup and Handle formation is on the edge of completion (NOT YET COMPLETE). Will complete if it closes above 500 in next 2-3 days.
RSI > 60, shows strength to move now
MACD Line cross over Signal Line.
Spurt in Volume last...
Happy to share an observation on Nestle India.
Cup & Handle breakout taking place above 17,500. If big candle above 17,500... except Nestle to go to 18,600 - 19,800 in 25-30 trading sessions.
RSI > 60.
MACD Cross over complete. 3 Bullish indicators.
Disclosure: This is for educational purpose and limited knowledge I have in Tech analysis. Kindly consult your...
