ICICIBANK stock is forming head and shoulders pattern on the 15 minutes time frame. This is coming after a broadening formation which is also a bearish pattern.
That's two bearish patterns back to back. Bearish trade can be initiated upon breakdown of the H&S trendline. Measured move target: 850.
That's two bearish patterns back to back. Bearish trade can be initiated upon breakdown of the H&S trendline. Measured move target: 850.
Trade closed: target reached