ICICI BANK has formed a higher high but the RSI was same as the previous High.
According to me, it should mean that the same amount of buying was able to push the prices higher. It means the stock has lost some of its bears.
I am not 100% sure about it but let me know what you think about it.
Bajaj Finance Bullish Pattern.
Chart Pattern indicates a Bullish move.
Support is around 3200
while resistance is around 3380.
We may see the level of 3430
in the near term.
Updated: 19 July 2020 11.00am
Disclaimer: Only for learning purpose
Bajaj Finance trading along a channel, has hit the upper end. There might be a small drop from this level if the channel is to hold. Also notice a bullish continuation pattern formed within the channel. Hence, if the channel upper end is broken, we can expect the stock to move to 3695 level.
(Disclaimer: Our charts and contents are just for the purpose of...