SUMMARY:- *after posting stellar numbers it is the only stock which is holding the fort for the markets *once market starts to recover icici bank shall lead from the front based on relative outperformance *the stock is taking support on its to 20-ema near 792-795 *on the upside 820-818 is acting as strong resistance *we are going there but its getting...
SUMMARY:- -stock has retested its breakout zone -with the concept of swing high breaks stock is gearing up for levels of 1780-1800 -banking stocks are looking good for further upside -hdfc bank if breaks swing high -we wil use recent high and low as range for the extension -good for positional traders
can we see new high? classic throw back and reversal from very important support level where also lies retracement level.
looks like weak it has pullback and reversed from a strong support zone for the stock. It can go up to 58
Is the current move of SUNTV just a throw back of its breakout? 550 plays a very important support level even psychologically and technically. It has also retraced and reversed from very important retracement level which coincide with major support.
ACC breakout of an Ascending Triangle with momentum. The height of the pattern suggests an upside target in the range of (1730-1735). However we notice a fine Fibonacci Retracement confluence at 1720, which will be an interesting level to keep a watch for. A throwback to the breakout level of 1705 should no be discounted.