Bearish Flag breakdown in ICICIBANKICICI BANK LTD
Key highlights: 💡⚡
✅On 1 HOUR Time Frame Stock Showing Breakdown of Bearish Flag Pattern .
✅Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1055-.
✅Can Go short in this stock by placing a stop loss above 1134+.
Intraday
PNB, Intraday View for 22-MayAfter a strong break of structure, the price has been trapped in the compression zone. Also today the price is rejected by the resistance level of 128. The probability of a negative candle is more than 65%. For Intraday the level of 128 and 124 is important for trade decisions.
Intraday 5m | Trend Negative
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty showed Expiry Day momentum towards the end of session Nifty remained extreme volatile throughout the session after opening on a positive note today
The INDIA VIX today made the High around 21
A Small body Bullish candle is formed on daily chart with long lower wick.
The imp upside hurdle is placed around 22500
whereas downside support is around 22200 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility during the last phase of elections
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Bank Nifty & FINNIfty showed consolidation in today's session After strong recovery in last session
BankNifty traderded in narrow range above prev day's HIgh
As long as Index remains above imp support of 47k/47200
it can show rebound towards next resistance level
However in case of Bearish Pattern at higher levels,
the index can come back to prev week range
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Nifty witnessed rebound for 2nd straight Day Nifty continued with its monday gains,
The slowly moved higher in today's session
However Sectorial trend was mixed
Next hurdle is placed around 22300 zone,
The important downside support is near 22000 level
The index can show diorectional movement
outside the range of 22k to 22300 in coming sessions
Market may also show both sides movement during the Polling season.
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Nifty closed above Day's High amid Volatile session Market showed reversal from day's low,
after witnessing selling perssure from past few session.
The Index formed a Hammer pattern on the daily chart,
The imp hurdle is placed at 22,200...
if sustains above the resistance level,
more recovery could be possible towards next level
Whereas imp support is placed around 21950 zone.
However in case of Bearish Pattern at higher levels,
the index can come back to prev week range
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Bank Nifty saw a strong recovery from zone of 47kThe Index started the week on a positive note
Market rebound strongly after a negative start
THe Index got major support from HDFC & ICICI Bank
As long as Index remains above imp support of 47k/47200
it can show rebound towards next resistance level
However in case of Bearish Pattern at higher levels,
the index can come back to prev week range
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Reversal Broadening Wedge pattern in NAVINFLUORNAVIN FLUORIN INTERNATIONAL LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 3552+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 3860+.
📈 Can Go Long in this stock by placing a stop loss Below 3082-.
Nifty closed at the same levels for 5th time in 20 years - studyNifty traded within prev day's range,
it erased the intraday gains after taking rejection from trendline
Nifty needs to move outside the prev day's range
to show Directional Movement on Expiry day
The Wednesday session HIgh & low can work as Resistance & support zone,
For Gap up/ Gap Down, track for Price action confirmation at imp levels
Resistance / support zones can work same as last session
*For Educational purpose
Balaji Amines formed BIg candle after Q4 Results Wihin 30 mins, the stock formed a significant candle of 12%
Increased volatility around stock earnings is a common phenomenon in financial markets.
As companies release their quarterly or annual earnings reports, BIg investors eagerly anticipate the results, which can lead to heightened trading activity.
Positive earnings surprises may cause a surge in buying activity, driving up stock prices, while Negative surprises can trigger selling pressure, leading to price declines.
Consequently, during earnings seasons, markets can experience sharp movements in stock prices therefore short term trading becomes Risky
Oberoi realty Good to Watch NSE:OBEROIRLTY
Making HH HL formation and forming C&H structure as well
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
IRCON Stock Analysis: Positive Breakout Detected in Chart Technical analysis of IRCON indicates a bullish trend: the price is rising alongside increasing trading volumes, nearing its one-year high, and displaying a robust uptrend. Additionally, recent signals suggest a bullish reversal, with the Awesome Oscillator trending upwards. This suggests a strong bullish sentiment in the market. Entry is recommended in the range of 250-253, with targets set at 269 and 289.