Short below 622 for 610/602 targets
ICICI BANK has formed a higher high but the RSI was same as the previous High. According to me, it should mean that the same amount of buying was able to push the prices higher. It means the stock has lost some of its bears. I am not 100% sure about it but let me know what you think about it.
After breaking the trend line decisively on 26th April, ICICI Bank has sustained support at the gap which is the 38.6% support area. Now it is poised to move to targets of 655 in the short term, followed by 690 soon after.
Price formed triangle pattern and it will break on Monday
One can buy above trendline at 600.80 Manage your risk carefully.
Levels are on the chart. If you have nay query or doubt ask in the comment section. Trade Wisely and Smartly.
Here I am new and learning all about trading and analyzing and this is the best platform to interact with the professionals and masters. Here is my question is just that am I analyzing correct inverted cup and handle pattern in icici bank in hourly chart pattern ?
Price getting ready to break, wait for it.
short below red trendline for target 543
ICICI BANK HAS FORMED A CHANNEL PATTERN. CLOSING AND SUSTAINING ABOVE 653 CAN LEAD TO A POTENTIAL BREAKOUT.
ICICI Bank short @ 624- 627 for Target 620- 616- 612- 608+ SL above 630 (15 min candle closing basis) Adjust fut levels as per cash levels
ICICI Bank Futures (Can buy in cash as well) LTP: 613.55 Support: 602.60 Resistance: 618.50 / 625.70
confirmation of evening star with high @628.5 which will be going to act strong resistance for a while so with SL at resistance shorting will be good till gap up not much great
Stock has formed HnS on 15 min TF. Tomorrow if stock breaks support zone then it will come to fill the gap created on 26th Apr Short below 587 for a quick target of 581
HI GUYS, WHAT ARE YOUR VIEWS DO LET ME KNOW HIT LIKE AND COMMENT TAHNKS
ICICI bank broke its major uptrend trendline. Using Fibonacci we can see it’s sustaining near 31.8% level with making HEAD N SHOULDER PATTERN. H&S is a reversal price action pattern which indicates a possible reversal of trend. Fibonacci 50% first target. Fibonacci 61.8% second target and if stock sustain near 61.8% and breaks the level 78.6% level on Fibonacci...