Probably a swing trade for ICICI Bank
Weekly time frame : inverted hammer at the top.
Daily time frame :
Chart pattern : Double top.
Elliott: end of 5th of 5th wave.
Divergence: Bearish divergence in MACD.
RSI: down tick about go below 60.
MACD: Flat ready for negative cross-over.
Ema convergence
Entry 930, sl 940, Target 891.5
Daily time frame :
Chart pattern : Double top.
Elliott: end of 5th of 5th wave.
Divergence: Bearish divergence in MACD.
RSI: down tick about go below 60.
MACD: Flat ready for negative cross-over.
Ema convergence
Entry 930, sl 940, Target 891.5
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