ChartAnalyst365

STRONG RESISITENCE TAKEN!

NSE:ICICIBANK   ICICI BANK
ICICIBANK:- In late April we can see how 19 april high work as a resisitence especially when a reversal or a bearish candel made in that area its also a 38% reversal area of prior trend.In late may we will se a blue arrow theres a Harami pattern,if you see at early April theres a candel taken soupport.
In early June a shooting star came after a three Gap up its reversal signal that give us a sign that prior trend will not continue a Tweezer top made their stock take short term down.then again a tweezer bottom made and DMI crossover signal.
Stock dosent brake early April resisitence which is 38% retracement.A upthrust pattern occur then a hanging man and volume confirm the signal.Again a consolidation break but bear has their steam a Bearish Engulfingh pattern occur stock rallied down.At late September a candel occur which is not spreaing but work as a spring then stock rallied taken prior high reisitence then shoert term down taken a soupport at October you will see two Green arrow.
MY FORECASTINATION IS STOCK WILL TAKE A SHORT TERM CORRECTION CAUSE ARE AS FOLLOW
STOCK IS OPEN BY GAPUP MAKING HANGING MAN , RSI SHOWING OVERBOUGHT,STOCK IS ALSO AT TOP OFF BOLLINGER BAND
CHANCES TO FALL AT 425-417 LEVEL!
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