I hope you can now see how the ICICIBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no...
Bearish bat appearing in Nifty 50. Price already entered PRZ.
R2 Around 9550. We need to look for signs of reversals (if any) between 9480 and 9550.
Trade only if strong signal bar appears as currently Nifty trading in a strong bullish momentum.
** Study only for educational purposes, do your own risk assessment before trading **
According to technical analysis, airtel is bearish. we shorted at 5689. the important thing is the proper risk-reward ratio which you can see on the chart . and if a trade goes against us we will go long ( after checking volumes). Another important thing to keep booking some profits.
Tata steel weekly chart has a probability of Bearish Bat pattern. Currently stock is trading near its prz zone.
Keep an eye on price action near that zone.
Harmonic Prz zone also coincides with downsloping trendline and .382 Fibonacci ratio level
Near term support is 430
and major support is 490 levels.
AS WE CAN SEE W PATTERN IS COMPLETED AS MENTIONED IN CALLOUT AS DOUBLE TOP MARKET FALLS AFTER THIS PATTERN ONCE HORIZONTAL LINE AS MENTIONED WITH CALLOUT BROKEN ON CLOSING BASIS IN 30 MINUTE CANDLE GO SHORT WITH TWO TARGETS AS MENTIONED WITH ARROWS GOOD LUCK
NOTE: FOR EDUCATIONAL PURPOSE ONLY NO ADVICE GIVEN