Flagformation
Buy ICICI LombardBuy Icici Lombard only above 1496-1497 (Closing Basis) with Stoploss of 1400 (Previous swing Low) target 1735
Study : Stock is forming Pole & Flag Pattern after Breaking previous Resistence.
now if you see closely.stock is taking exact resistence from 1495 level..
Just see candles of (4th December High..,14th,16th,17th and 24th Dec High.., + on 15th Dec opening price was also same as 1495...
So when this stock breaks this resistance with Big volume and close above it,then stock may become bullish and hit our target Area...
Note: All levels are on closing basis...
Analysis is for study purpose..
NIFTY FLAG BOTTOMHi friends,
Nifty is @ very interesting & massive immediate near suuport level 11650. & making one of most beautiful Flag pattern...
lets see where the nifty goes.. the price is alomost @ flag bottom support.
Discalimer: this is only for educational purpose , You can initiate any position at your own risk.
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