Attached: ICICIBANK/ HDFCBANK Weekly Chart as of 5th May 2023
The above Ratio Chart is Significantly Bullish and suggests that in the coming Weeks/ Months you will see Money flow from HDFC Bank to ICICI Bank (which means ICICI Bank will relatively Outperform HDFC Bank and you are better off going own ICICI Bank instead of HDFC Bank)
Bullish Evidence as...
NATIONALUM - 15 mins - Intraday
Range Bound Market as knows as Sideways Market.
Price oscillates in a range attempts to hit upper and lower level multiple times.
For Intraday - Range provide multiple opportunity to trade both ways Long position from Bottom and Short position from Top till range breaks.
AB is the Range confirmed by CDEF pivots. E and F are just the push backs as they are not broken yet and hence counts as pivots inside range boundary. However when E or F is broken below are the expected scenarios .
Scenario 1 : Acceptance - Orange arrows
Break and Acceptance of 'E' will give a Long setup
Break and Acceptance of 'F' will give a Short setup...