Nifty and Banknifty both saw a weak day today, with higher levels being rejected after a weak intraday momentum. While option decay was present, trying to go contra might have yielded a better RR as even though the broader bias appeared to be on the downside, we did see a few very strong spurts, especially the first candle in Banknifty. So let's analyse #nifty...
#HMVL NSE: HMVL Short Term Quick Profit CMP 103.90 Target 157.90 SL : 78.05 Timeframe < 60 Days Can hold for longer time 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...
ICICI Bank has Long broken the Channel and sustained; 2 Days.
Nifty is just a smudge away from 16k! Private banks, Media and Realty stocks did quite well today, with PSU banks and many other sectors retracing. Interestingly, Banknifty saw some strength in the second half, but Nifty saw some selling. Let me break it down for you, candle by candle. Along with the top stocks, Reliance, HDFC Bank, Infosys, HDFC, ICICI Bank,...
ICICI Bank’s Rs 3,000-crore infra bonds issue adds to economic rebound buzz India’s largest private sector lender by asset size, Friday raised Rs 3,001 crore via infrastructure bonds for the first time in four years reflecting the emerging optimism in building ports and roads in an economy that is expected to rebound steeply as vaccinations and slowing infections...
In addition to the previous posted analysis, one more confirmation to the possible trend reversal in ICICI bank. NSE:ICICIBANK
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...
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 analysis do like & follow me as a...
Trade valid if the breakout happens upside Taking trade after breakout and retracement is advisable Note: This is for educational purpose only
#DCBBANK NSE: DCBBANK Short Term Quick Profit CMP 111.25 Target : 124.65 SL : 104 Timeframe < 45 Days Factors: Trend Following Inverted Head & Shoulder Pattern. 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...
HDFCBANK - The MARKET MOVER wait for 1550 ₹ Reasons for strong buy 1. Harmonic pattern BAT formation 2. MACD Bullish hidden divergence 3. Ascending channel & Falling wedge at the moment CMP - 1483 BUY above 1483 Target 1 - 1493/1499 Target 2 - 1514 /1527 Stoploss - 1472 Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on...
- Falling wedge pattern - Important levels marked in chart
ICICIBANK forming triangle patter on 15min charts we have good volume here. Keep eye on this for intraday. TheCharts Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
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 bank form descending tringle pattern . also no momentum in stock now icici bank standing support area. BREAKDOWN:- sell below only 634 stop loss 640 target 1 : 617 target 2 : 600 positional trade take time UPSIDE ONLY ABOVE TRENDLNE BREKOUT above only 645