ICICI Bank - Update
https://www.tradingview.com/x/vVmvyGcs/
Please check the data reflected on the chart.
1. Today's low was 946.15 which is higher that highs of 5th and 6th October.
2. Today's close is also above these levels.
(Means it is making higher lows as shows by grey curve in the graph and marked by white horizontal lines in the chart.
3. However, the price is stuck up between two trend lines, one from below and the other one from top. Making a triangle pattern.
4. Price is below 200 moving average in 1H as shown by 200 SMA of white color.
Please refer to my previous discussion on this stock as well. Link provided
Conclusion: Though, it is making higher lows but higher high has still not be broken. You may observe, that Options written on Friday are rarely changed till Tuesday therefore, bears are still having the control and not willing to let it go above 200 moving average; though gradual bullishness is coming into Play.
Important: 10-18-23 10:39 AM candle in one minute chart it going to play a major role. Mark high and low of this candle on Wednesday and find amazing results. Buy above this candle only.
Please check the data reflected on the chart.
1. Today's low was 946.15 which is higher that highs of 5th and 6th October.
2. Today's close is also above these levels.
(Means it is making higher lows as shows by grey curve in the graph and marked by white horizontal lines in the chart.
3. However, the price is stuck up between two trend lines, one from below and the other one from top. Making a triangle pattern.
4. Price is below 200 moving average in 1H as shown by 200 SMA of white color.
Please refer to my previous discussion on this stock as well. Link provided
Conclusion: Though, it is making higher lows but higher high has still not be broken. You may observe, that Options written on Friday are rarely changed till Tuesday therefore, bears are still having the control and not willing to let it go above 200 moving average; though gradual bullishness is coming into Play.
Important: 10-18-23 10:39 AM candle in one minute chart it going to play a major role. Mark high and low of this candle on Wednesday and find amazing results. Buy above this candle only.
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