Icici bank is near its strongest fib resistance, which it failed to breakout previous 4 time. This time it is expected to breakout, keep watching for breakout and go long for 405-410 target
This is an educational post and hence consult your financial advisor before taking any position or trade. Analysis is given on the chart Grateful🙏
1) Rejected from 200 EMA 2) Rejected from upper trend line 3) Now shall move towards 9925
The price is a the important 0.5 retracement level. The short term Target is 107.05 with SL at 96.5. Providing a RR of 1:2.5
BANKNIFTY TRADE SETUP -INDEX WILL OPEN LOWER -BEARISH ENGULFING PATTERN VISIBLE ON THE CHART -CRUCIAL SUPPORT PLACED AT 21200-21250 -INDEX CAN TEST ITS 20-50/EMA PLACED AT 20655-20750 -BANKNIFTY REVERSED JUST BEFORE TESTING ITS 100-EMA PLACED AT 22570 -PROFIT TAKING ON THE CARDS -LOOKING FOR OPPORTUNITY TO "BUY ON DIPS" -AGAIN TRADING THROUGH OPTIONS TO RIDE...
NIFTY TRADE STEUP -SGX NIFTY IS SHOWING A NEGATIVE START -YESTERDAY WE SAW BEARISH ENGULFING PATTERN AND CONFIRMED OUR PATTERN OF RISING WEDGE -TODAY INDEX WILL GAP-DOWN AND TEST OUR PREVIOUS CRUCIAL LEVEL OF 10160-10030 -I WILL ALSO UPLOAD THE 30-MIN CHART -TRY AN UNDERSTAND I AM LOOKING AN OPPORTUNITY TO BUY THE DIP -THOUGH I AM OPTIMISTIC I AM NOT CRAZY -I...
Icici bank is near its strongest fib resistance, which it failed to breakout previous 4 time. This time it is expected to breakout, keep watching for breakout and go long for 405-410 target
1) Rejection from fibonacci level of 22100 2) Rejection from upper trend line 3) May now move towards 50 DEMA of 20600 4) If bearishness sustains, we can see fib levels of 19800
Nifty Closing Price 10305 In morning it was recommended to Short Nifty when it was a 10534 levels. Now if you have been following me and seen my earlier posts, this is nothing new.... For those who are new, here is a recap for you all On 12th June when Nifty was falling and was trading at 9698 we recommended a reversal is on the cards and we positioned...
Buy Graphite India close above 195 T1 = 220 T2 = 238 T3= 249 and more SL = 169
The bottom trend line indicates that the price is making higher lows, while finding resistance at Rs.99. This provides a good entry point at CMP with a target at about 100 while keeping SL at 90.5
LONG IDEA IN KOTAK BANK, IF BREAKS 1318 THEN IT MIGHT HEAD TOWARDS 1353
Notes on the chart Do like and comment Regards
There is a 6 points gap abv 225.., once the stock crossed 225 there is a huge possibility to cover the gap. Also once the candle closes abv 225 it will be a good pick for positional too since there is a another gap: Positional target 247
NIFTY TREND SETUP -from past few weeks i am explaining nifty is in a "bullish bias" -to understand please go through my nifty and banknifty posted charts -you will get an idea how we were able to maintain our bullish view -coming to the new post of nifty let see what is cooking up -our rising wedge pattern is confirmed (read previous post) -nifty is making a...