ICICI Bank – Double top and Evening Star

nano6yogesh Updated   
ICICI Bank ICICIBANK appeared very weak today, with the stock forming a large Bearish candle showing strong price rejection in the 300-302 zone.

I can see that the stock has formed an Evening Star pattern today.

Also, RSI has been increasing whereas the stock formed a Double Top, indicating hidden bearish divergence.

I think the stock is heading back to the 277-283 zone.

Good opportunity to short here with a small stop loss.

Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Hit the target of 277 today !!

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