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Gravestonedoji

#ICICIBANK Breakout, bullish divergence &gap support with a doji#ICICIBank 18% breakout from previous resistance in just 2 weeks following earnings but gave up half of it forming a indecisive gravestone doji at a gap support.what else to do when even index gives up >5% in same time. Daily timeframe has a bullish reverse divergence that could lift it up. Momentum is very good on all timeframes intact in bullish zones ADX trend strength rising up on weekly and dmi positive in bullish zones and rising as well. Above moving average volumes on weekly.Banking index also is at a support forming a hammer bounce candle. Be cautious on the dojo on weekly as it indicate the bear pressure. Therefore gap support should be stop loss for swing trades with entry above previous candle high.
NSE:ICICIBANKLong
by seekedgetrade
Gravestone Doji on weekly candleGreetings ! Weekly price movement has led to gravestone doji in a downtrend. Presumably, this is then regarded as the continuation pattern. We glance at option data for ICICI Bank for April expiry. The maximum OI in call option are concentrated at 600CE and Option price has reduced. Thus, more short contracts on call side? The maximum OI in Put option are concentrated at 600PE and option price has gone up. More put long? Can someone please validate?
NSE:ICICIBANKShort
by datepuru
Nifty Forming Gravestone Doji - Indicating Change In TrendOn weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty -0.96% is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend or "Party over for bulls" for a short time. Gravestone Doji : 1. Formed when opening and closing price are almost equal. 2. Long upper shadow suggests that buying pressure was countered by high selling pressure, rejecting higher prices 3. This candles indicates turning point of a trend, known as bearish reversal candlestick In all, bulls pressure to take prices up has been completely rejected by sellers waited at resistance, indicating change in trend.
NSE:NIFTYShort
by NeeteshJain