http://img51.imageshack.us/i/ipca.png/ here is another confusion point if any pattern u have notice suppose here c&h ,where sud i enter after the breakout or assuming possible brak out
ICICI Bank
Daily: has been making LL, the same H, LL, LH, LL and HH now. But 1170 zone is proving to be a strong R now.
Yesterday low of 1078 and today’s low of 1074 seem to be a tweezer bottom which might be a short term S. With a perfect bullish up bar reversal from this S level with 1.5xVol>VolMA5, closely monitor for a b/o on the upside.
ICICI Bank
Daily: has been making LL, the same H, LL, LH, LL and HH now. But 1170 zone is proving to be a strong R now.
Yesterday low of 1078 and todays low of 1074 seem to be a tweezer bottom which might be a short term S. With a perfect bullish up bar reversal from this S level with 1.5xVol>VolMA5, closely monitor for a b/o on the upside.
The volume of the current bar (day, week, etc.,) is greater than the Moving Average (MA) of the previous 5 bars' Volume (day, week, etc.,) by 1-1/2 times or in other words by 150%. If it's 3 times, then it's 300% and so on.
Hope this helps!
Weekly: Perfect Bullish Up bar reversal after three down bars (seemingly three black crows). Current bar’s low bounced off from the S of 20EMA and closing above 10EMA. MACD line coming closer to the signal line from north and this week reversed upwards; Weekly RSI pointing up at 62. Are these reasons good enough to go long in this counter?
Weekly: Perfect Bearish down bar reversal possibly at peak of the rally with 2.5xVol>VolMA5. RSI crossing 70 from above and breaking down the uptrend line as well. Any weekly close below 370 will confirm the bearishness.
Daily: Neg. divergence with MACD histogram, RSI and STOC