Published: 03 Jan 2023
Aptech had recently bounced off the declining trendline support and has now broken above the declining wedge pattern on daily charts
The stock has been in a corrective mode since the start of December and it has formed a Morning Star candlestick pattern on daily charts along with exhaustion seen in the MACD forest pointing towards a bullish outlook for the stock in the next few weeks.
The overall trend looks bullish for Bata India and after a correction, we observed RSI is in a positive divergence.
HPCL recent trend is bearish on the daily chart, but on the weekly charts, we can see RSI is strengthening and observed positive divergence.
On the weekly chart, the index has formed a bullish harami pattern, suggesting a rise in optimism. Besides, the stock has been moving within a rising wedge pattern on the daily timeframe.
On the weekly chart, the index has formed a bullish engulfing pattern, suggesting a rise in optimism. Besides, the stock has moved above the recent consolidation in the weekly timeframe.