ICICI BANK as per daily chart analysis today it has formed a hammer candle and tomorrow it should break the channel to move uptrend. Happy Trading to all
With this post, we'll try to understand the selling narrative of the institutions and how they trap the traders on both sides. Just remember this one thing, "the market is never moved by retailers, only institutions can do that".
The only reason why the institutions sell is to buy at lower prices. Nothing more than that.
This happens in the following way:...
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
ICICI BANK as per Daily Chart Pattern Analysis has consolidation, Breakout and Downtrend channel before next consolidation. Once the Stock breaks the downtrend channel it should start consolidating between 775 - 800 level for the next break out. Holding the Stock. Happy Trading to all.
Reversal on cards for ICICIbank after filling up the gap up it made earlier. Also the reversal has hit 61.8% fibo levels.
Rest self explanatory.
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Icici bank spot cmp 763
counter gave a gap up opening few days a go,, but the opening candle of particular day was not crossed and there was no follow through buying,
now counter have reversed and filled the gap,, currently around demand zone of gap levels and golden means retracement ratio of previous swing.
very small candle formation around lower levels with...
Gap Filled, taken support & Trendline break out...above 784...811 possible...this shall lead BN toward 40k this week...lets be positive..learning mode on :)
ICICI now trading at 776. There is more chance that golden cross over will happen at 757 i.e., 61.8%. Once it reach 757 then hopefully trend will reverse i.e., Uptrend.
