ICICI is consolidate between 990-1008
Overall view of this chart:
create high near about18 December after that create a downtrend and at support area 990 it's consolidating .
If break 990 and price wait under 990 for 1-2 days then we can see a downtrend move for this stock.
If price goes up above 1008 don't create position wait for retracement . after retrace our entry will be occur.
Also we have to aware about fake breakout and breakdown.
Indicator: MACD indicate bullish divergency .( Upside move may come )
Overall view of this chart:
create high near about18 December after that create a downtrend and at support area 990 it's consolidating .
If break 990 and price wait under 990 for 1-2 days then we can see a downtrend move for this stock.
If price goes up above 1008 don't create position wait for retracement . after retrace our entry will be occur.
Also we have to aware about fake breakout and breakdown.
Indicator: MACD indicate bullish divergency .( Upside move may come )
Ask me anything I am happy to help you.
To motivate us, Please like the idea If you agree with the analysis.
Thanks & regards,
Kaustav Hazra
To motivate us, Please like the idea If you agree with the analysis.
Thanks & regards,
Kaustav Hazra