ICICI BANK case studyIcici bank spot cmp 763
counter gave a gap up opening few days a go,, but the opening candle of particular day was not crossed and there was no follow through buying,
now counter have reversed and filled the gap,, currently around demand zone of gap levels and golden means retracement ratio of previous swing.
very small candle formation around lower levels with low volume
divergence on rsi on all lower time frame till 60 min
RSI over sold on all time frame below 60 mins
reversal in counter possible from current levels
time to cover your shorts and rethink of what can be done..
Gapfill
IEX TRADE SETUP FOR TOMORROW (12th Nov)IEX share testing 793 levels as you can see in the chart after a good upward trend,
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Now stock is testing 793 level and you can see there is a gap between 800-920,
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So if stock goes above 793 you can buy this trade 800 is a strong resistance if stock break the level on tomorrow,
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You can see the good upward momentum in this stock.
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What's your view on this comment below in the box
TATASTEEL HIGH PROBABILITY SWINGAfter a long fall in metals , they are recovering fast!
Tatasteel has 2.80 percent gap made when it faced a big gap down. This gap can be exploited and easy profits can be made as the gap will surely be filled.
T1 is the main target in the trade and other targets can only be chased if the stock gives closing above T1 .
Mentorship InstaView 23 Aug’21: Frustrating Nifty View: A frustrating trading session for the benchmark Nifty index as it lost all of its opening gains and face high intraday volatility. The index seems to be at at crossroad wherein 16,500 acts as an important decider of momentum and sentiment. A break below today’s low of 16,390 will infuse fresh selling pressure, so stay cautious and try to trade less with strict risk management.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
SIYSIL Analysis | On demand of a follower :) ⭐A breakout on Month can be seen clearly if it sustains on these levels for Monday too :)
⭐Dynamic supports from 50 dema is been taken multiple times (once broken with a power candle = gap up next day above it )
⭐My calculated speculation is: a **close** above today's red candle with volume more than normal on 15min = a breakout from the pattern :), the risk gets minimal as u will exit the trade if it comes back to the triangle, then chances of manipulation increases and rewards = well if it sustains these lvls for the month than for upcoming days it might touch 362 lvls too, the time cant be predicated :)
⭐If someone takes the trade do see the Rsi too, if a close above the prev high takes place with RSI above 70 then trade will go smooth as a higher high on price with higher RSI will be made ( be careful with RSI divergence in such trades )
Nifty InstaView 20 May’21: GAP Gone. Trend Vulnerable.
Nifty View: A disappointing close for benchmark Nifty index in today’s trading session - down over 100 points to close the recent gap with which it had broken above 15K. The index is now back to the zone of (14,900-15,000) which earlier had acted as a strong zone of resistance and now we are expecting support. If this 100-point range holds, then there is a big chance of a bounce back and significantly higher upsides for the index. On the flip side, a confirmed close below 14,900 and we are back within the range of consolidation which will be marred by sharp volatility. It's been a completely stock specific market over the past two trading sessions and so strategically one should look to trade high-probability setups with a short term time frame in mind.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.






















