On 9-apr-18, there were many bad news about ICICI - Chanda Kochar etc. and I was expecting ICICI will open gap down and will remain low and close lowest. But, It recovered and closed positively.
Ashwini Gujral (AG) gave a long call saying the short covering will make it close higher (stop loss 274 and target 282). Even there were more bad news during the market hours when the stock started falling again, AG held on to his call and the call played out exactly to his script.
Now, I am wondering:
- Did the market obeyed his call on ICICI or he used suitable charts to exactly predict this?
- What are the possible charts and indicators he may have used to give this call and hold onto this call?
- Does he have any special paid tools that gives this levels ?