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Intraday

ICICI Bank-Double bottom formingAs promised,I have come with the Indian stock market analysis.In this chart,ICICI bank is forming a double bottom pattern in 15m time frame.The first half of the pattern is already formed,now we can catch the other half of the pattern.Also,there is a divergence on RSI,the volume indicator showed the strength to upper side.If the stock opens tomorrow with high volume green candles,a long intraday trade will be initiated for 1:8 r:r to the R1 level as shown on the chart.Levels and entry-exit points are marked on the chart,keep an eye on this.Happy trading.
NSE:ICICIBANKLong
by marketshero
2
Banknifty Intraday View for 9th Jan 1) Banknifty didn't sustain above support level and the first 15 mins candle is rejection of uptrend. Fall down by breaking Support 1 & 2 levels of 6th Jan view and took support at 1 hour TF 41900 level. ############# 9th Jan Intraday view ########################## ##Bullish View 1) Currently Banknifty at resistance level and Falling Wedge breakout, but the last 15 mins candle is Bearish Hanging man. 2) If it breaks resistance level 42240-42260 and close next 15 mins candle green we can see up move to Resistance1/Target1 (42360-42400) and if there is no rejection at R1 levels we can see R2/T2 levels(42580-42620) mentioned in the chat. ##Bearish View 1) If rejects at current resistance level then next support is 41950 to 41900 level, if it breaks the next support level is 41560 to 41500. 2) If it breaks Support 2 level then more bearish and next support is around 40900.
NSE:BANKNIFTY
by ChandraY