ICICIBANK Daily Bearish ALT Bat , VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW & TREND LINE with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
I1BN34 trade ideas
Buy ICICI Bank. ICICI bank has given clear breakout on daily chart. One can buy this stock for the target mentioned. However, I would recommend to hold this stock for medium to long term. On weekly chart, this stock has made a huge pole and flag structure. It will give breakout anytime soon. For weekly charts, targets are coming 900+. It’s a very good fundamental company so one can be interested in this stock without doubt.
View - Medium to long term. 1 year plus.
Icicibank From the highs of 680 made in February 2021, the stock has corrected considerably to the
level of 530 and given an impulsive bounce.
one can go Long now or in dips with mentioned key levels in chart.
Wave Structure
Key Levels
Macd in daily positive crossover
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing