The stock is downtrend from few months and it has touched its multi year support of 820 which is acting as a Strong potential reversal Zone(PRZ),a pin bar was formed due to result volatility, Hence A trade can be initiated on 2 completed green candle which confirm the reversal of the trend.
Target 2:- 921
with a infra push coming from government and contract of new airport of navi mumbai the stocks raised as we can see there is retracement happening due to sudden price rise below are the idea for long and short term
Target 1- 17.15
with a recent news of infra push and navi mumbai airport contract the stock had good upmove and as we can see from the charts there is a retracement from high point
With the Bad results which is already a past, it broke its Previous strong support which act as resistance once it breakout it willresume its bullrun to its previous levels
Please note this is a weekly chart so this trade is game of patience
S & R short idea ICICI bank
as we can see on charts a it has rejected upside twice and also rsi trending downwards.
entry price 299
target 1 - 291
target 2 - 277 with a TSL of 291
a option sell idea would be 320ce sell@6 with hedge of 330ce email@example.com
S & R short Raymond idea
as we can see from the chart it has rejected 920 upside twice with no major news coming and with RSI trending down a trade can be initiated at 875 with a stop loss of 930 and target of 825 which is .618 fib retracement also a trending channel support.
a trade can be hedge with 820pe sell at 13.90
a bearish ab=cd harmonic pattern has been formed
a short idea can be initated at entry price of 442.85 with first target of 426.85 fib retracement of .382 and 2nd target of 409.85 fib retracement of .618
a option idea can also be taken by selling 480ce at 10.10 and 400pe at 5.30
A bullish bat formed on a weekly chart, with geopolitical tension easing and stimulus package in offing,
a trade can be initiated on a green weekly candle for a respective target with a trailing stop loss for the 2nd target.
A recent sell off in nifty hasnt effected the bank of baroda much compare to other indices stock.. this is due it being already bottomed out and 136-138 acting as a strong support hence we can short OCT 135PE can be sold @3.5 for a sleep money.
sell and sleep idea