Market Break the strong support of 43,650-43,350 now support become a strong resistance. We are enter in bear market... Next Strong support 39,700 - 38,500...
Market Break the strong support of 43,650-43,350 now support become a strong resistance. We are enter in bear market... 31/10/2023 opening price is 43,4356 And market fall more than 500 point from resistance level..
BankNifty Analysis BankNifty on the other hand had a gap up open, thanks to the excellent results from ICICI Bank. To a great extent, BankNifty resisted the down move on Nifty. Even till 13.55, it was only 0.17% below the previous close. But right after that, it fell like a house of cards. Whatever support ICICI gave till then was undone. ICICI ended up closing...
BankNifty Analysis BankNifty also had a similar chart pattern as of Nifty50. A gap-up open of 345pts ~ 0.78% and then a steady period till 13.20. Fell 208pts ~ 0.47% in 50mts and then recovered for close. HDFCBK did quite well even after the declaration of the results. The gap-up on hdfcbank was the main reason both Nifty and BankNifty had an unusual start. In...
ICICIBANK is forming an Inverted Head and Shoulder pattern on hourly timeframe. The stock has bounced off it's lower longterm trendline and now has formed a range. We can expect the price to test the ATH Levels after breakout. Above this level, the stock will also cross above 50 MA on Daily timeframe so that gives more confidence. Stop Loss: SL for this trade...
- Gap opening can be expected -if gap up then bounce back till 44700 to 44750 may be touch -if gap down then then then it can touch 44200 to 44300 -44500 to 44400 may be important range level keep an eye on traps or fakeouts Notice : Fridays have big up and down moves Note : Do your own analysis before taking any trades or investments
This chart explains that ICICI Bank has broken the mid-point (support) and formed a double top pattern and got activated by breaking the support line in Weekly Time Frame However nothing to panic as the next level of support is very near by and it is a short pattern. Unless it reverses and closes back above 950 this pattern will be valid. If the pattern...
Bank Nifty again at important levels because of HDFC Bank & ICICI Bank. These 2 will decide in which direction this index move. I sense HDFC Bank will be in side ways or move in range till it's result. After result market will decide that merger HDFC Bank is hit or flop till than some negative & sideways move will be there. Do not forget US market also they will...
I believe that the impulse is complete now and we may see a correction from here very soon which can go deeper as well based on my idea on banknifty. NFA!!
One complete set of moves is almost done or may be just about to. This is tripple correction combination which is WXYXZ starting from corona lows. The bulls should be careful from here, as it should soon be starting wave counts to the downside. Time to exit or atleast book profit and lets wait for a decent correction. Will update as and when required. Stay...
- A bullish Flag formation on hourly chart, Trend is also looking strong as buyers are coming on every dip. - Support Level keep eyes on 45800 to 45850 - Resistance on 46000 to 46100 Also its a round level most of the seller may get active - Last friday also was a trending day let see for tomorrow might we can get good Entry & Exit Note : Do your own analysis...
Breakout reistance level of 950 which is now retest level of of this stock .Retest is now going good and stock is ready for four digit move and more after the new high .
Icici Bank may have formed dragon harmonic pattern.. Can buy near 970 cmp for targets of 995 & if exceeds for 1047 with stop loss at 958 or 950 as per you risk management..
Buy Nifty PVT Bank Index At Cmp 23246 SL - 22750 ( Weekly Closing Basis ) Target - 25800 All Pvt Bank Stocks Buy
ICICI Bank Ltd - One of the largest private sector bank. Profit increasing on each quarter and last 2 years. Decreased provision in last year. Stock near it's 52 week high. Stock is shrinking between it's multiple year long trending resistance and support lines. Stock looking good and a sharp move can be expected at any time.
Dear Indian Traders and Investors, I made a quick analysis for you on ICICIBANK to let you know that you still can buy it since the market is following the strong support level that it couldn't break for the past 3 years, and the price will go for longer. The comment secion is all yours for further questions!
A bullish flag breakout has been confirmed on the weekly chart of NSE:KARURVYSYA . One can crete a fresh position at around 130 with a stop loss oof Rs. 120 fopr ther targets of rs 140/150/160......Enjoy the Moneyrain guys...... Exit the position if the stop loss is triggered on WCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM...
ICICI BANK fakeout Go short, if you can or no trade.