The BankNifty is showing strong momentum as it aims to surpass its previous all-time high levels and move towards the target of 51K. Analysis of the charts indicates a breakout of the triangle pattern, suggesting bullish sentiment. However, confirmation will be established if the price successfully breaches the all-time high of 48636.40 and maintains above this...
ICICI on daily chart seems to be forming ending diagonal on Daily chart.
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply &...
Icici may have completed a log ending diagonal & can fall to lower line of ending diagonal for targets of 940 & 900.. Stop loss can be kept at 1050 levels.
this stock is trading in a channel... keep in long side until price is in the channel.... if channel breaks and retest then look for short side.... we have resistance in the zone1040-1050.. on bottom side trendline is acting as a support...if trendline breaks and retest then look for short side continuation. we have strong support lies at 960 levels. Drop base...
#TATAINVEST NSE:TATAINVEST TATAINVEST 2689 TGT 3525 SL 2377 RR = 2.7 Return 31% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong....
Icici bank may start a new journey to new highs if it holds previous low of 975.. Risk reward looks excellent to buy in 980-990 range for 1030 1065 Targets.. Stop loss should be 975
There's a retest of ICICI Bank on Weekly chart. See chart for more details. Trade at your own risk.
ICICIBANK - Elliott Wave Count the market looks like its near the top and soon we can expect the reversal downside to Wave A correction.its recommended to wait for the price to comes back & close inside the channel to confirm the bearish scenario to take short trades. whatever the high made on wave 5 will be the SL for the short position. Please note that this...
pure price uptrend in monthly chart double bottom in weekly chart break out in both weekly and daily ( we expect a pull back in daily chart )
The stock broke out above an active supply/demand zone of INR 900-920 in April 2023.This particular zone has been an active supply/demand zone for the stock since Sep.2022. 2 attempts by the stock to go past INR 1000 mark were reversed by the sellers in July and Sep. this year. Now for the past 3-weeks the stock has been making an accumulating range right at the...
OMAXE 48.80 TGT 61 SL 42 RR ~2 Return > 23% TF < 6M NSE:OMAXE Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout...
the stock is near its demand zone... if price breaks this zone and gives retest will go for short side.... Chance of continuation fall till up to 920 zone...and then have a chance of Right shoulder formation...So keep in bearish view up to 920 and then look for buyside from this zone.
Publishing the TrapZone Pro charts on the daily timeframe for the Top 4 Indian Banks. They all look Bullish except Kotak Mahindra Bank at the moment. Will keep this Idea Up dated every few days for reference.
sept 10 swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis. when nifty turns bullish take trade
as you can clearly see the ascending chart breakout pattern . for this , i reoly on 4 point theory ie At least 2 points are required to form a trend line and 2 trend lines are required to form a symmetrical triangle. Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high (2) should be lower than...
the stock is near its trendline break... today a strong bullish momentum is observed in this stock.... Rally base rally is observed from 965-962 zone...tomorrow if this zone acts as price is bullish... this time will breaks the trendline and moves higher... liquidity also lies above these zones.... Go for long in this stock...