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
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Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below
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1. Higher Highs, Higher Lows are made.
2. A strong weekly resistance is broken.
WHERE TO ENTER
1. It is a fundamental of the technical analysis to enter on retest. The stock is eventually retesting the resistance changed as support now. One can buy after it reaches the support and take a U turn from...
Stock rallied and consolidated at the top in between 552.25 and 574.75
rsi divergence can be witnessed in daily time frame and 1 hr time frame
5min close below 552 can give good downward momentum
The stock looks weak near resistance and may come towards targets marked on the chart with white lines until the level marked with the red line is intact on the upside.
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InvestPro India Team
ICICIPRULI:-NEAR TO BO. ZONE FOR Target 530 ( Also All time high Breakout Above 538 for more Upside)
1) All time high Breakout Above 538 for more Upside
2) Volume Breakout :)
3) RSI Breakout and Retest (Showing Strength)
A very good delivery volume has been seen on the daily chart. It has taken support at its demand zone and reverses upward. It has given trendline breakout on a shorter time frame. It seems like Handel formation is going-on, on a longer time frame. Closing above 538 will confirm the same. In the near term, we expect price movement up to 492, 537. All oscillators...
ICICI Prudential Futures
Resistance: 538.55 (539can be considered as a breakout level too)
Daily charts (long term)
The charts a bearish, head and shoulder pattern from 2nd Dec to 12th March. The pattern was followed by a breakdown to 433 levels after which there has been a recovery since 22nd March and finally the pattern...