Buy Icici Lombard only above 1496-1497 (Closing Basis) with Stoploss of 1400 (Previous swing Low) target 1735
Study : Stock is forming Pole & Flag Pattern after Breaking previous Resistence.
now if you see closely.stock is taking exact resistence from 1495 level..
Just see candles of (4th December High..,14th,16th,17th and 24th Dec High.., + on 15th Dec opening price was also same as 1495...
So when this stock breaks this resistance with Big volume and close above it,then stock may become bullish and hit our target Area...
Note: All levels are on closing basis...
Analysis is for study purpose..
Study : Stock is forming Pole & Flag Pattern after Breaking previous Resistence.
now if you see closely.stock is taking exact resistence from 1495 level..
Just see candles of (4th December High..,14th,16th,17th and 24th Dec High.., + on 15th Dec opening price was also same as 1495...
So when this stock breaks this resistance with Big volume and close above it,then stock may become bullish and hit our target Area...
Note: All levels are on closing basis...
Analysis is for study purpose..
Comment:
Today's Candle is closed above previous resistance i.e 1495
Comment:
See how Resistence became support for 4-5 days and then stock going upside now....
now 1592
now 1592
Trade closed manually