💡 Strategy Description (Study Idea):
This study highlights a bullish reversal setup developing on the weekly timeframe for Bombay Super Hybrid Seeds Ltd (NSE).
The stock has been in a prolonged downtrend, forming lower highs under a descending trendline, but momentum indicators suggest a possible bottoming phase.
Key Observations:
RSI Bullish Divergence:
Price is making lower lows while RSI is forming higher lows — indicating weakening selling pressure.
RSI is currently near the 40 zone, suggesting limited downside risk and potential for an upward move.
MACD Convergence:
The MACD histogram shows fading bearish momentum.
A bullish crossover between the MACD and signal line could confirm a reversal.
Trendline Resistance Zone:
The descending resistance line lies around ₹135–₹140.
A breakout and close above this zone on strong volume may trigger a trend reversal.
Volume Behavior:
Gradual accumulation observed at lower levels.
A volume spike during breakout would strengthen the bullish case.
📝 Notes:
This study highlights a bullish reversal setup developing on the weekly timeframe for Bombay Super Hybrid Seeds Ltd (NSE).
The stock has been in a prolonged downtrend, forming lower highs under a descending trendline, but momentum indicators suggest a possible bottoming phase.
Key Observations:
RSI Bullish Divergence:
Price is making lower lows while RSI is forming higher lows — indicating weakening selling pressure.
RSI is currently near the 40 zone, suggesting limited downside risk and potential for an upward move.
MACD Convergence:
The MACD histogram shows fading bearish momentum.
A bullish crossover between the MACD and signal line could confirm a reversal.
Trendline Resistance Zone:
The descending resistance line lies around ₹135–₹140.
A breakout and close above this zone on strong volume may trigger a trend reversal.
Volume Behavior:
Gradual accumulation observed at lower levels.
A volume spike during breakout would strengthen the bullish case.
📝 Notes:
- This study is based on technical divergence and trend reversal principles.
- Always wait for breakout confirmation with volume before taking directional exposure.
- Ideal for positional/swing traders monitoring early trend reversals.
- The chart currently indicates a base formation; premature entries below ₹130 could face short-term volatility.
- Not financial advice — purely for educational and analytical study purposes.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。