ICICIBANK has experienced a bullish breakout followed by a pullback within the confines of a bull flag pattern. The recent reversal, respecting the upper boundary, suggests a potential retracement within the current bullish trend. Should the breakout occur as anticipated on the chart, a price decline towards the highlighted key level is conceivable.
NIFTY is playing inside a strong bullish channel where we witness a steady growth ever since the bullish sentiment. Price respected the previous high created on the daily timeframe. Where we might see some price action intact with the upper and lower boundaries for sometime. With a future breakout confirmation on the lower boundary, we may witness a bearish trend...
Potential downside momentum can be expected under the hourly timeframe where we may witness a reversal on the lower boundary created.
Going long here with 2.51 basis Stop loss of 2.00 Expecting a gain of 100%
The recent price movement of #YESBANK indicated a bullish breakout followed by a pullback near a significant level. It is anticipated that the price will rebound from the highlighted key level, potentially leading to a revisit of the daily resistance established between the 17-19 level.
Nifty has formed an ascending channel with a strong upward impulsive wave, nearing the resistance level. The identified resistance zone has shown significant selling pressure in the past, suggesting a high probability of similar price action. A bearish momentum and breakout from the channel are expected, leading to a potential retracement to the downside.
We had a bullish breakout confirmation on both trend line and the key level formed. Price will continue the bullish rally and revisit back on the Rs 2600 high formed by next move.
Seeing a long side opportunity in NIFTY futures for the next week. Targets are quite big and can be trailed as per risk management rules.
Positional Long Opportunity in ICICIBANK. 1. Positive RSI 2. MFI Breakout 3. 200 EMA Support Level 4. Will retest psychological level of 900 before exiting the 800 range on the downside 5. Price trying to make a HUGE HEAD AND SHOULDER pattern. Currently developing the right shoulder.
2 possible trades. 1. Intraday short trade on 20 Jan 2023. Bearish sentiment Will retest key support level of 40900 Price has just been rejected from 22 EMA on Daily TF Price will try to approach 200 EMA on Daily TF 2. Overnight long trade on 21 Jan 2023. Key resistance trendline break Will try to break through 42000. Conservative target...
Buy Above - 18120 SL - 18080 Targets - 18160,18200,18240 Sell Below - 18060 SL - 18090 Targets - 18030,18000,17960 Expiry day range is 17900 to 18200
Buy Above - 18140 SL - 18100 Targets - 18180,18220,18260 Sell Below - 18080 SL - 18110 Targets - 18050,18010
DESCENDING TRIANGLE PATTERN Buy Above - 18080 SL - 18040 Targets - 18110,18140,18180 Sell Below - 18000 SL - 18040 Targets - 17960,17920,17880
Buy Above - 17970 SL - 17940 Targets - 18000,18025,18070,18100 Sell Bellow - 17920 SL - 17940 Targets - 17880,17860,17820,17780
Buy Above - 17880 SL - 17840 Targets - 17920,17960,18000,18040 Sell Below - 17820 SL - 17860 Targets - 17780,17740,17700
Breakout in india cement at the levels of 248 buy at current levels for the targets of 270 stock is above of all the important exponential moving averages keep stoploss strict.
Breakout in LT Infotech on weekly charts of the w-pattern stock is above 200 days above moving average now it is ready for 5500. Buy in the zones of 5000-5100 with stop loss of 4940 .
CAMS is forming a good pattern, there is a good accumulation happening at current levels. CAMS is Bearish Symmetrical chart pattern breakout wait for entry about of confirmation candle. This channel is for only educational purpose. Any Profit/loss, I am not responsible. Sector: Finance Industry: Regional Banks