ICICI BANK ON 15 mins chart

May 4, 2021

ICICI bank broke its major uptrend trendline. Using Fibonacci we can see it’s sustaining near 31.8% level with making HEAD N SHOULDER PATTERN. H&S is a reversal price action pattern which indicates a possible reversal of trend. Fibonacci 50% first target. Fibonacci 61.8% second target and if stock sustain near 61.8% and breaks the level 78.6% level on Fibonacci can we our third target.