ICICIBank respecting lower line of pitchfork pattern. Tripple Zig Zag in C correction wave.
Multiple major resistance 364,375,385 above which 410,442 is expected.
Entry 360 Stop Loss 335 (7%) target conservative 410(13.9%), Aggressive 442 (22.7%)
DABUR has been trading at the lower trend line of the channel pattern as well as at the support level. If prices can support this level, in the next few sessions, a potential up move is implied until the upper line of the channel( Resistance level ).
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Happy Trading.
Bank nifty started up move after breaking 22440 to 23000-23200 as mentioned in previous article.
Now wave 3 could be over expecting long and shallow 4th wave correction till 0.38 fib level which will be tough to trade.
Current assumption is wave 3 of recent rally completed near 23682 which 1.68 fib levels where wave 3 usually end.
Short all rise near...
Stock currently in upward trend and may break upside.
Wave 4 has formed skewed triangle and about complete final Internal Wave E.
Long in the zones of 199-195 Stop loss 179 ( if hits loss will be ~10% of entry price) breaking 185 will be tough.
Targets for Wave 5 235(as per fib extension drawn between wave 2-3-4),245-250(aggressive)
Notable resistance 212 non...
Stock post touching 650 broken Consolidation started going south till 152.
From 152 it made retracement fib levels 0.5 completing first 5 wave impulse
Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse.
Long all dips towards 270
Short term...
