aryanamar

17 JULY ICICIBANK TRADE SETUP

NSE:ICICIBANK   ICICI BANK
It looks like it forms a triple top pattern formation which is a reversal pattern. On 16th july the stock opened gap up higher but then retraced back near to 15th july price. For sure market participants are indecisive in this stock. Trade cautiously near support and resistance levels drawn and place your targets and stop loss accordingly. The stock looks week but can retrace back higher to 1/3rd retracement value where it is finding very hard resistance. There is a chance it could take support from 1/4th retracement value and then go higher.