NSE:BAJAJHIND
Although a "Penny Stock", this is purely a technical chart pattern analysis.
Inverted Head and Shoulder Pattern on Daily/ Weekly TF.
Look for BO above 8.30 and target would be 14.30 (Depth of head added to BO line).
Volumes are sort of on rising trend in last few sessions.
Also, trading above 34 EMA and closed today on 13EMA.
Disclaimer :...
ICICI has been in uptrend, and though it has been falling along with the index in last few sessions, I think it's at level to go up again from here.
If the current EOD closing data turns out to be a "low" on Daily TF, I think we have a Hidden Bullish Divergence on ICICI Bank. (See the lines on chart and on RSI). Same Hidden Bullish Divergence can be seen on...
