We have seen volume spurt in hourly candle of 28-11-22. Stock is showing increasing trend since couple of weeks. As per the Elliot wave analysis stock can go up to 132 in next month itself. Stock is having PE ratio of 2.82 and PB Ratio of 0.58 only. Company is Maharatna status in PSU unit.
ICICIGI Corrected 28% from an all-time high, 1200 level act as a strong support zone if 1200 level break it will fall further 10% to 15%, so be cautious
Hello Traders, hope you all are doing amazing!
Today I will be showing you the daily chart overview of BankNifty, so traders as you can see, on the 1D chart a huge rising wedge pattern has been made which has recently broken down to 35327. Now here, I won't say I can see a double bottom but yes, I can definitely see a "W" pattern which will probably hit the lower...
Nifty will go up if it closes above 10932.
High Resistance is there ar 1 0932 .
OR
Nifty will go down further if it forms the Bearish Rectangle pattern.
Trade with strict SL.
