ICICI BANK : Bearish - Rising Wedge detected, and Double TOP ?!ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible.
To monitor:
The exponential moving averages 50 (in pink) around 991 ,
and the exponential moving average 200(in white) around 793.
A possible Double Top is detected.
+ there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying!
So a bearish return is possible
Be safe!
