Indianstocks
INTRADAY FOR ICICI BANK.....!NSE:ICICIBANK
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#WEDNESDAY#
{
<#ICICI BANK>
VOLUME on Tuesday is high compared to last 5-6 days;
it's creating a strong support from past 3 days ;
tomorrow we can have a intraday trade, since it's @ its support;
if it breaks 751
{ BUY: ICICI BANK
750 is its very good support
because it's VWAP for Tuesday ;
TARGET:-756-759
SL:-747
}
Like👍 , Follow🥰 ,🙏 Show your love ❤️ ;
} HAPPY TRADING;
Target got hit exactly, and this is TP2As i discussed earlier that you had to take short trade when i said to, and bow you can see that everything happened exactly, and now i am out off trade, cuz volume is getting lowe but still if i could find good price action so again I'll go for short till my second zone! But 1) tomorrow's candle should be close below the red line which was our TP1(take profit 1)
2) candle body should be long
India bulls Housing Finance If weekly support is being maintained then we can see a push to the upside at 330.00 level.
If weekly support is broken then we can see a push to the downside at 155.00 level.
JHS SVENDGARD : Long Term InvestmentJHS Svendgard Labs is an oral care products manufacturer. After showcasing strength and emerging from a week long compression, we have returned to the origin of the impulse. Any reaction from our Point of Interest will give a good opportunity to look for positional/investment based longs with SL below the previous swing low on weekly timeframe.
Disclaimer : This is a educational trade idea, not a tip. Do your own research.
#POWERGRID - completion of a Diagonal TriangleThe earlier posted cup and handle pattern on Powergrid has not materialised. The stock has moved sideways and the pattern now looks like a ending diagonal. On the long term charts the rally from Mar '20 can be counted as a completed 5 wave structure.
A break below the lower trendline of the diagonal pattern can accelerate a down move to 175 levels in short time.
Recent highs will be the stop loss for risk management
State Bank of india before budget daysbin currently trading between 518 to 538 price range
i am assuming it is creating inverted head and shoulder, with such bullish market structure it can give nice breakout and if it sustain above 540 it can go upto 565 -568
indicators
MFI ;looks normal and strong
TSI : equally good no weakness
ema : price trading above 50 ema indicating bullish sign
NOTE; volatility is expected and will be higher because of event day
PSU banks have posted good results than PVT banks as SBIN been the largecap and leader of Psu scetor it will be getting some sort of event effect, with govt planning on divestments most of the money flow are expected to diverted to SBIN
TRADE ONLY IF YOU SAME CONFLUENCE OR CAN RELATE YOUR IDEAS WITH ME
thanks,
happy trading !!!