3m India which has been rock solid in the downfall, it seem now stock is ready for correction as the MACD histogram is still in negative territory and also stock not only gone below long term moving average but broken the trend line. it seems stock is heading towards below 14500...
Pidilite industries crossed all time high and broken upward trend line and now in uncharted territory. I m buying for 8-10% of gain may be 20-25 working days....
MACD is also supporting the buying thesis...
Indian Oil Corporation has given bullish divergence on weekly chart. The depth of histogram (bearish zone) is shallow via a vis previous bottom in price which made earlier.
Average Direction index just moved upward (>20) in weekly chart....Further, on weekly chart stock has taken support between 122-125 in last 3 occasion.
IT seems overall bullish pattern is...