ICICI BANK LTD.Short
ICICI bank to test Pivot Levels , Selling may Continue till 1280
After two Consecutive Selling sessions , it may or may not be a bearish moment in immediate session but to test pivot levels at 1280 and may bounce back to Higher Prices ,
Forming Lower lows consecutively , but didn't step into oversold zone still as per RSI ,
the 3 month trendline and Moving averages on daily chart shows it may test the pivot levels sooner ,
FII net buyer today but still prices were lower , if trend continues the FII may become selllers too , before going up , the prices may see some correction till 1280 in near future .
May hold buying or go short for short term .
Forming Lower lows consecutively , but didn't step into oversold zone still as per RSI ,
the 3 month trendline and Moving averages on daily chart shows it may test the pivot levels sooner ,
FII net buyer today but still prices were lower , if trend continues the FII may become selllers too , before going up , the prices may see some correction till 1280 in near future .
May hold buying or go short for short term .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.