A gap can be seen in the price of Asian Paints(highlighted in green), a previous attempt to fill the gap on 18th April did not succeed, stock has been able to hold Fibonacci level of 23.6%. Two successive dojis can be seen recently and delivery percentage for last three days are 55%,67%,57%(positive sign). The stock might move up once again to fill the gap.
Jai Hind
11562 looks Crucial.
If stays below that for 15 - 30 mins, more weakness will come.
bullish Gap at 11486 -11500, may possible Gap Covering in rest of the week.
In DOW JONES: Witnessing "Bearish ENGULFING" in Last trading session.
Future levels mentioned on Chart for "T+1 basis"
...... Spot & Future Intraday, future Weekly Levels plotted & mentioned on chart.
Possibility to FILL Bearish GAP at 26364.05 - 26215.10 Formed on 05/02/18.
Crucial level Near 25789, If crossed & stay for 15 - 30 min. 26400 level can't be ruled out.
Though Published in "EDUCATIONl" section, but for swing Trade I am Bullish .
Trade as per Specified level with...
...... Spot & Future Intraday, Future Weekly Levels
Plotted & Mentioned on chart.
Weekly crucial "RESISTANCE Zone" : 10763 - 10804
Trade as per Specified level with description.
FUTURE Trader Should take position with Hedge strategy.
Disclosure: Take this information as study/education purpose only.
If Useful Like & Share
For taking trade decision Consult with...
As per daily chart in ICICI BANK Bears phase cycle is on swing with the negative impact of both Fundamentally on sector wise and as well as Technically. But as Fight Continue from Swing high of 307 Bears Attacked on Bulls with Three Consecutive Drag down Round upto 295 levels and Bears have More Power to Beat Bulls to the level 276.50 and more below 262 Levels...
...... Spot & Future Intraday, future Weekly Levels plotted & mentioned on chart.
Important to WATCH: "Formed Bearish GAP BTW 25356.4 to 25192.20"
Possibility to Fill.
Notice one thing mentioned "TFZ / HZ #2: 25332 - 25360" also matched.
Trade as per Specified level with description.
FUTURE Trader Should take position with Hedge strategy.
Disclosur:...
In daily,
1. price bounced from horizontal support
2. price bounced from descending channel
3. Also it has filled the gap.
sl - 290, tgt1 - 328, tgt2 - 337
...... All plotted & mentioned on chart.
My Personal View, May Differ from others.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
DOW View as of 11.43 PM 14/02/2018
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