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Positiversidivergence

ABFRL BULLISH MOMENTUM VIEW!!!!The price persisted itself at the strong support level 235-- 242 & also respected the trendline support. In daily chart price also forms the base for upside move in coming days. Here the price & chart indicates perfect low risk & high reward setup. We can enter in long position with the SL of below the support level for swing trade. 👉🏻Strong trendline support✅ 👉🏻RSI divergence✅ 👉🏻Reversal Candle📈 👉🏻Support at 240-35👍 👉🏻Low risk high reward setup.✅ 👉🏻Keep stock on radar for swing trade.👍
NSE:ABFRLLong
by Jha_Nidhi
$MSGE positive RSI divergence on the weeklyDouble bottom formation along with a positive divergence in RSI make MSGE look like a prime buy into the New Year. 20-week MA beginning to curl up. Go long MSGE. There's been a lot of volatility in this stock since it's heavily correlated to reopening, but that headwind could be on the verge of turning into a tailwind. Omicron peaked very rapidly in other countries so we should expect the same here. And we may be reaching the peak right now. A huge spike in Omicron cases was recorded over the holiday weekend in the USA, which could signal the end to this pandemic, when covid finally becomes endemic. I was definitely a little early on this but I have had a good amount of success trading options in this stock so it is one of my favorites to trade and now I think it is the proper time to initiate a long position. It should easily reach its prior highs, breakthrough and head towards the $150's as life gets back to normal and live events roar back. This is not a recommendation, just an opinion, please do your own D.D.
NYSE:MSGELong
by EBITDAtiger