Abhiraj1989

Probably a swing trade for ICICI Bank

NSE:ICICIBANK   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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.