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Bearishchanel

ICICI Lombar Gen ICICIGI ICICIGI is trading in a bearish channel close to make or break level. The stock is just around its 100 day EMA and this might be a level which it may bounce back from. On closing basis it has ended below 100 day EMA so if a bearish candle is given as confirmation in next trading session we may expect a further downside with sectoral consolidation going on in insurance companies. If a bullish candle is formed it will take the stock close to levels breaking out of the bearish channel. We will then wait for retest and confirm the break out in favor of bulls if it gets a closing above channel. Keep this in your watch-list. Do let me know if any suggestions/input regarding these observations.
NSE:ICICIGI
by ajinkyad1802
TITAN Big Bull favourite I'm expecting a breakdown (maybe the stock can take support at the level and possible for a double bottom and move upwards) The Reason Why I'm bearish: 1.Bearish Engulfing at channel resistance 2.Global crisis 3.Nifty looking weak 4.Rangebound breakout will be very effective. 5.Avoid taking long for this month(index looking weak ) Disclaimer: Please consult your financial advisor, Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
NSE:TITANShort
by anandhavel2941