ICICI potential breakdown or moving towards ATH
ICICI has been trending upward over the past year, consistently forming higher highs while finding support at the trendline. However, this time it appears to be forming a double top pattern, which could be a reversal signal.
There was sudden increase in volume on 20th Dec but could not take the price upward but manage to find support of trendline & 50 MA.
If the stock breaks below the trendline, it may lead to a sharp decline else we are definitely moving towards new ATH.
There was sudden increase in volume on 20th Dec but could not take the price upward but manage to find support of trendline & 50 MA.
If the stock breaks below the trendline, it may lead to a sharp decline else we are definitely moving towards new ATH.
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