Today is Saturday, 16th November 2019
I think ICICI bank has topped in a medium term. There are many things aligning up and all say that ICICIBANK's top is in.
The RSI has resistance, There is a long term trendline acting as a resistance. Also in the shorter term there is resistance as well.
The chart is very clear and speaks for itself.
Open Short position TP 407
Target 394, 380
SL 420 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
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ICICI Bank trading along a rising channel. Currently it has hit a resistance area. A break and close above 425 might take it towards 430 and 437. However, if the resistance is to hold price could fall to the bottom end of the channel.