ICICI Bank Trending in Channel, Showing Weakness

The price action is been trading in a upward trending channel where the price action is respecting upper trendlines as resistance and lower trendline as support.

Today, the price action indicates weakness at upper trendline or resistance level where profit booking can take place. I believe the price action shall retrace to fibonacci levels of .50 or 0.618 where we could see buying coming back again. Therefore, it is good time to sell now for

Target: 265
Stoploss: 285
Sep 11
Trade closed: target reached
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out