Risky Buy in ICICI, taking support near lower band of trend lineICICI, we have seen that price are trading in strict range between both the bands. Price are likely to trade higher till at least immediate resistance of 270. One can take risk because It has also seen Positive Divergence in stock.
Discloser : trade on your own risk
Indianmarkets
Expecting Long on support of "W" OR "Double Bottom" with RSI DivITC, One of the biggest FMCG in India. Prices have form Bullish divergence and it is expected to trade higher atleast till 260-265 levels. Moreover, prices might also form "W" or "Double Bottom" pattern which indicated that prices are expected to trade higher till 260 or levels.
Disclouser: Trade at your own risk.
Channel Breakout - Educational PostSeniors Tech Analyst, Please let me know can we call it a Channel Breakout? Even the latest candle has just crossed 200 Day Moving Average. Waiting for the suggestions from Seniors. Thanks.
IDBI : [Intraday] Wedge within [Positional] Wedge : Breakout ?IDBI on hourly timeframe has wedge pattern and price is near the lower trendline of wedge pattern and if you notice there is another wedge formation in 15mins. Initially I thought of posting this 60min wedge as positional trade and later converted it to intraday post bcos of Inner wedge. So Intraday traders can trade the inner wedge's direction of breakout and if intraday wedge breakouts outer wedge can trade it as positional also for much better targets . Two Birds one Stone !
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!