ICICIBANK
BUY icici bankicici bank currently too oversild situation & bottom side tradeline also coming to its very hard to brk directly
and 2nd one two gaps are pending to fill upside so, its possibilty to goes up for fill the gap , i know currently is strong selling but its opportunity to buy for small targets
buy CMP
target = 750 ,760
Disclaimer:-
My presentations, and writing are only for educational purposes and are not intended as investment advice.
I cannot guarantee
the accuracy of any information provided.
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..
#MARALOVER MARALOVERMaral Overseas Ltd.
#MARALOVER
NSE:MARALOVER
NSE:MARALOVER
CMP: 87.35
Target: 125
SL: 75
RR Ratio > 3
Time Frame < 6 Months
Almost 45% return expected.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
#MIRZAINT MIRZAINT #NIFTY #BANKNIFTY #FINNIFTY #NFT #CRYPTO #IOT
Mirza International Ltd.
NSE:MIRZAINT
MIRZAINT
CMP: 71.85
Target 88++ // HUGE RALLY EXPECTED 100++
SL: 63
Time Frame: < 6 months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
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#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.
icici bank near supportgood buying opportunity in icici bank
it is near support and making a very good risk reward ratio for trading on both long and short side.
if banknifty is negative then it is goin to fill gap and is perfect for short trade.
using market volatility, this can be very fruitful trade.
comment for any queries or help(suggestion) on any active trade.
18/10/2021 Research Report For ICICIBANKDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy Below 730
Target 1: 740
Target 2: 760