Get started

Falling Wedge

ICICI Bank good for short+long termPossibility 1 :-Gap fill and continue up trend Possibility 2 :-Gap fill+ retest of falling wedge supply zone but but!!!! times are hard, covid 19 cases are continuosly rising at an alarming rate and this same type of market structure nifty formed last year before crashing down to near 7500 levels last trading day foreign investors sold a whopping 3500 crores in just a single day this type of large selling has been done only few times in the last 1 year and we have seen what this means this clearly means investors are now on a reality check and especially FIIs ( Foreign institution Investors ) are pooling out their money little by little so make sure if you investing then dont go all at once. start an SIP, this is the ideal moment where you can start SIP and go for blue chips which you know diversify your portfolio, and i would suggest play defensive this time and choose defensive stocks at this point of time anyways, all these are just views. No one can predict the market and we have seen that in the last few days covid cases rising and markets rising continuously without a head and tail if situation persists, sooner or later everyone is going to react and it seriously takes only 1 day to take down your whole portfolio down by 10% so invest wisely, and make sure you make the least mistakes possible #stockmarketindia #intradaytrading #intradaytrader #intradaytips #intradaystrategy #intradaytrading #intradaytrader #intradaytips #intradaystrategy #sharemarket #nifty #banknifty #bnf #bankniftyoptions #bankniftystrategies #sharemarketindia #sharemarketstudies #technicalanalysis #equitymarket #finance #like4like #business #stock #likeforlike #stockmarketindia #nse #nseindia #bse #bseindia #bsesensex #nifty #like4like #intraday #intradaytrading #intradaylong #trading #positional
NSE:ICICIBANKLong
by samparkamaity65
Banknifty long setup on 15 mins chartBNF is under pressure due to lockdown and increase in COVID news. After a huge gap up, most of traders were long on trade under intention of recovery but BNF has hit all the stoploss. Before ending mondays session we can see some increase in size of green candles indicating that either there has been a profit booking session and we can see some later effect tomorrow. Using Fibonacci we can observe that BNF after a sharp fall is sustaining near 0.38% level. We expect that BNF can test 50% & 61.8% level in order to continue a healthy retracement. The gap diff between levels is still under a price of 250-350 points. Our first target will be 31100 at 59% level and 31250 near 61.8% level. Trade safe.
NSE:BANKNIFTYLong
by Trademint08
3