Something really dangerous is cooking in this stock, close to ending wedge. What will trigger this, I cannot tell you that but it really has huge potential for big fall. Just be cautious if you have investments in this bank. NSE:ICICIBANK
Will post smaller time frame chart as well.
Bitcoin just completed a extended 3rd wave and hence poised for some correction. A-wave is in play , we will wait till B-wave is done and SHORT Bitcoin for the C-Wave. As seeing the volatile nature waiting for confirmation is a better way. As the current top is very mechanical and magical (16666.66) retest is very much possible. Correction can take it to test the...
NSE:NBVENTURES -Nice cup and handle pattern. -Deep wave 2 correction.
News based analysis. DSPBlackrock MF buys shares from promotors. Huge volume breakout.
Let us see how it reacts at resistance Target_90
Price has lead to the formation of bearish harmonic pattern. SL-Close beyond X
-Very nice setup as you can see, price is in last 5th wave of wave c which will complete the whole structure. -Will update how the structure unfolds regards
BULLISH CYPHER RSI COMING OUT FROM OVERSOLD ZONE STOCHASTIC CROSSOVER
:-SHOOTING STAR :-DIVERGENCE IN STOCH :-OVERBOUGHT INDICATORS :-100EMA RESISTANCE
:-Bearish candlestick :-Resistance :-Falling Wedge :-Overbought stoch and crossover :-Good R.T.R
-As we can see a pin bar or inverted hammer pattern that denotes exhausted bulls. -Target will be fib retracement levels -And this could be the new impulse wave-1 to the upside, which I'll later on confirm.
Look at the chart for details
Shall we say bye to new all time high for the market this year at least. Correction chances are getting very high. Potential setup with two high possibilities :- 1)small correction and shall resume uptrend(blue arrow) 2)bigger correction to the 7900 levels(purple arrow). Regards
:- very nice and convincing price action :- stoploss-720 :-target 1-520-500 range ;-target 2-420-400( which seems less convincing)
last time when a posted power grid that time it reached the stop loss.. that time as well the price action formed the abcde correction pattern which still remains but in larger degree. enter when price closed below 176.
This would be the possible short term view for the icici bank. I hope it goes well, as anticipated. Regards