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ICICIGI - ACCUMULATION OR DISTRIBUTION?NSE:ICICIGI ICICIGI formed a good trading range. its been consolidating for 25 days now with a total volume of 10.5 Million shares. Big players are getting it ready for a big move as they are slowly building positions in the stock. I will watch for a breakout to the one side with above-average volume. #Breakout levels are marked on chart Use position sizing according to your stop loss level. Like this idea if you find it helpful and please share it with your friends. Keep learning, Happy trading. Thank you.
NSE:ICICIGI
by SANJAYPATIDAR_
NIFTY Weekly Volatility Analysis 9-13 Jan 2023 NIFTY Weekly Volatility Analysis 9-13 Jan 2023 We can see that currently the implied volatility for this week is 2.08% With this in mind, currently from ATR point of view we are located in the 53th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: *For calculations, I am using the data since 2022* Bullish: 1.83% movement Bearish: 1.55% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 24.2% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 18325 BOT: 17584 Taking into consideration the previous weekly high/low, currently for this candle there is : 31.43% probability we are going to touch previous weekly high 66.58% probability we are going to touch previous weekly low Lastly, from the technical analysis point of view, currently from Daily timeframe indicates -26.67% BEARISH trend from the moving averages index Weekly timeframe indicates 66.67% BULLISH trend from the moving averages index Monthly timeframe indicates 80% BULLISH trend from the moving averages index
NSE:NIFTY
by exlux