ICICI BANK case study
ICICI BANK SPOT CMP 917
Chart pattern study
Time Frame :- 240 mins
Symmetrical triangle pattern formation
Bearish divergence on RSI with respect to price
Suppy resistance zone around 922-936 levels
View gets negated above 945 levels on closing basis
Range of 922-936 should be used to exit long positions
Fresh investment recommendation above 945 levels
Down side 892 would act as intermediate support levels,, which can be considered as pivot levels,
If counter falls below this levels, Bullish trend might end and retracement till levels of 842 can be seen.
Time to take profits in your investments.
Chart pattern study
Time Frame :- 240 mins
Symmetrical triangle pattern formation
Bearish divergence on RSI with respect to price
Suppy resistance zone around 922-936 levels
View gets negated above 945 levels on closing basis
Range of 922-936 should be used to exit long positions
Fresh investment recommendation above 945 levels
Down side 892 would act as intermediate support levels,, which can be considered as pivot levels,
If counter falls below this levels, Bullish trend might end and retracement till levels of 842 can be seen.
Time to take profits in your investments.
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