Technical Trades:ICICI Bank and JBF industries
ICICI BANK
ICICI bank is trading in a broad trading range as shown on charts if one draws medium term trend lines as shown in charts,
1090 is good entery point for long trades as seen in the low of today and stock bounced sharply.
RSI is showing positive divergence adding fuel to our bullish take on this stock.
Today candlestick formation is a reversal trading pattern we need to get confirmation from price volume action on tomorrows trading action .
Volumes were on higher side after long periods of time
Buy above 1111 Tgt 1128,1141 …
Read the full story »
ICICI bank is trading in a broad trading range as shown on charts if one draws medium term trend lines as shown in charts,
1090 is good entery point for long trades as seen in the low of today and stock bounced sharply.
RSI is showing positive divergence adding fuel to our bullish take on this stock.
Today candlestick formation is a reversal trading pattern we need to get confirmation from price volume action on tomorrows trading action .
Volumes were on higher side after long periods of time
Buy above 1111 Tgt 1128,1141 …
Read the full story »
posted by Bramesh at
12:16 AM
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