ICICI BANK case study
Icici bank spot cmp 763
counter gave a gap up opening few days a go,, but the opening candle of particular day was not crossed and there was no follow through buying,
now counter have reversed and filled the gap,, currently around demand zone of gap levels and golden means retracement ratio of previous swing.
very small candle formation around lower levels with low volume
divergence on rsi on all lower time frame till 60 min
RSI over sold on all time frame below 60 mins
reversal in counter possible from current levels
time to cover your shorts and rethink of what can be done..
counter gave a gap up opening few days a go,, but the opening candle of particular day was not crossed and there was no follow through buying,
now counter have reversed and filled the gap,, currently around demand zone of gap levels and golden means retracement ratio of previous swing.
very small candle formation around lower levels with low volume
divergence on rsi on all lower time frame till 60 min
RSI over sold on all time frame below 60 mins
reversal in counter possible from current levels
time to cover your shorts and rethink of what can be done..
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