#94 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
Leave a comment that is helpful or encouraging.
We can see a double bottom in 1 hour . we can expect the price to be moving above forming a ' W ' pattern . we can expect the price to be going above 665.
But there is still a little chance of the price bouncing back at 643 resistance if it bounces then there is chances for the price to drop till 593
Looks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below
If you like my...
The resistance zone has been quite strong for icici bank, can possibly act as support now after breaking out.
If the formation of double bottom is completed and it breaks the trendline, high probability of reversal.
The levels of 630-635 are being defended by the buyers.
It is a confluence of multiple supports coming in.
The breakout if happens should nullify the...
ICICI Bank is trading at important support zone of 640.
Good opportunity to trade:
Buy if fails to break 638 with 635 Stoploss.
Sell Below 638 with Stoploss at 645.
Swing Trade in Futures with Hedge.
(Levels as per Spot and trade in FnO)
Apart from Support zone there is clear rising wedge pattern visible on the charts so max chances we will get Short side...
icici long entry above 650
target 1: 653
target 2: 658
icici showed support at 640 zone, we see an up move from there, today we are seeing a pullback from 653.5 to low of 647.
We can look for an up move after this pullback. Enter long above 650 with stop loss at 547.