ICICI BANK..rising in a wedge.. Break below Wedge is a good shorting opportunity...
Price action is at the support 1315 - 1325 level
Price action is near to the resistance 645 - 650 level
Need to see if the stock breaks out of the channel. The potential target once the stock breaks out of the channel is 285. But I would rather bet on a reversal and retest of 190. Lets keep watch!
Charts are speaking....
what is the next step???
Strong Resistance Zone: 11850-11870 Strong Resistance Zone: 11920-11945 Minor Support Zone: 11830-11810 Minor Support Zone: 11750-11760 Final Support Zone: 11675-11700 Fresh Sell Zone: If Sustain Below 11850-11870 / 11830-11810 / 11750-11760 tgram at jtradingview
AS YOU CAN SEE BLUE LINE ON TOP IS LONG TERM TREND LINE WHILE RED LINES ON CHART AND STOCHASTIC ARE SHOWING ( FOR NOW) BEARISH DIVERGENCE BUT DIVERGENCE WILL ONLY BE CONFIRMED IF CANDLE CAN NOT CROSS RED TREND LINE AND STOCHASTIC AS MENTIONED WITH RED RECTANGLE GIVES BEARISH SIGNAL MEANS RED LINE OF STOCHASTIC CROSSES BLUE AND GOES ABOVE BLUE THIS WILL THEN MEAN...
After giving a Cup & Handle breakout in daily time frame its consolidating around the neckline area 2840-2800. Upside opens for 2950. View would negate below 2780.
DLF HOLDING 200 CLS BASIS UPSIDE VIEW FOR COMING DAYS
The reversal from Bearish Shark has retraced by 50% and has opened up the probability of a Bullish 5-O here which is giving targets of 2400-2450. View would negate below 2050. As per Ichimoku also it has good support between 2100-2060.
MOVING BETWEEN CHANNEL LINE NOW IT IS ON LOWER LINE AND SHOWING BULLISH DIVERGENCE SHOULD GO UP FROM HERE STOP LOSS IS 567
FINALLY TODAY NECKLINE BROKEN ON CLOSING BASIS NOW 50 % FIBONACCI LEVEL IS MAJOR HURDLE LETS SEE WHAT HAPPENS
IT HAS CORRCTED FROM RIGHT SHOULDER TARGET IS GIVEN FOR SHORT SIDE 2065 GOODLUCK NOTE: FOR EDUCATION ONLY