NSE ICICIBANK – Bullish Sentiment Dominates
NSE ICICIBANK has completed the fifth and final wave of a Wolf Wave pattern, signaling an upward trajectory. However, it currently faces resistance from the 200-day Exponential Moving Average (EMA), and a potential breakout presents a profitable opportunity for traders. The Average True Range (ATR) stands at 14, indicating heightened price volatility that can be advantageous for buyers.
The security experienced a decline but found support at 919. Should the price maintain levels above 919, traders can target the following price objectives: 935 – 950 – 964+. For those with Free subscriptions, the previous day’s low serves as an invalidation level, beyond which the trading scenario is no longer valid.
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NSE TVSMOTORS – Riding the Bullish Wave to Success
NSE TVSMOTORS exhibits notable price volatility, indicated by its Average True Range (ATR) of 30, while the Relative Strength Index (RSI) stands at 69, signifying an overbought condition with strong momentum. The price is currently trading above the 20, 50, 100, and 200-day Exponential Moving Average (EMA) bands, signaling robust short-term upward potential.
The stock is currently trading close to its all-time high, and if buyers continue to drive the price upward, it has the potential to reach a new record high. If price sustains above 1590, traders can trade for the following targets: 1614 – 1636 – 1655+. Free subscribers can take invalidation level as previous day’s low.
Only Premium subscribers will have trade setup with entry, exit and invalidation level.
NSE LT – Trade Setup For Premium Subscribers
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