A bearish Harami pattern was made
Stock is out of bollinger band
RSI showing overbought
Stochastic giving reversal sign
MY FORECASTINATION IS IF STOCK FALL IT WILL BETWEEN 7745-7165 level!
This analysis is for Eductaional &
INTELLIGENCE pourpose,trade at your own risk!
ICICIBANK:- In late April we can see how 19 april high work as a resisitence especially when a reversal or a bearish candel made in that area its also a 38% reversal area of prior trend.In late may we will se a blue arrow theres a Harami pattern,if you see at early April theres a candel taken soupport.
In early June a shooting star came...
stock at top of Bollinger band!
If stock break that resistence level then we have chances to LONG ,if it make any Bearish Pattern there then it has chances to fall down at his Neckline 125-120 level.
62% retrecement of mid January high to late march low.
38% retrecement of late mach low to early september high.
BANKNIFTY:-We can see here how Bollinger band,Gaps,DMI,RSI & Fibbonaci retracement work as a conformation if it mix with chart patterns.
See late April how Doji made by gap up its upper weak is out of Bollingerband,DMI also taking a crossover there next day it was a negative crossover.See at mid May first green arrow it was a Bullish...
Here a Conversion in ONGC it shows a sign of long ,65ema work as a resisitence for now but after stock break this resisitence it will work asa a soupport!
This Analysis is for EDUCATIONAL & INTELLIGENCE pourpose,Trade at your own risk
Reliance was making 32% reversal by making (shooting star & hanging man) so it has chances to to stock will give reversal signal.
It has chances to make Reversal Mountain & hill pattern before LONG!!
This analysis is for EDUCATIONAL & INTELLIGENCE pourpose,trade at your OWN RISK!!
By my view Tata consumer is making REVERSAL HEAD & SHOULDER pattern,it has chances to touch 519 level after breaking resisitence line,stop loss at 497 level.
This analysis is for EDUCATIONAL & INTELLIGENCE pourpose,trade at your own risk!