ICICIBANK trade ideas
icici bank icici bank is looking good setup for tomorow trade icici bank formed trendline
in 1 day time frame previously it touched that trendline twice and it is third time
to touch that trend line RSI also oversold so either it take reversal from that
trendline nor it will break that trend line whatever the momentum up or down
it will give strong momentum tomorrow
Thank you
NSE:ICICIBANK
ICICI an ending diagonal ? ICIC bank has seen a strong run up for a while now and in the recent times , has seen a rather exhaustion in rallies in the form of an ending diagonal. While a diagonal in theory could mean low volatility , in situation like this when ICICI bank has contributed well into Nifty bank could now find challenges to rally. RSI momentum also makes it evident that a new stock high is not followed by rising momentum , a sign of trend reversal.
Short ICICIFirst there was Bullish Gartley pattern that indicated an upward movement. Now the Bearish AB=CD is indicating a trend reversal and price should be around 730 in about 3 weeks.
In my opinion, a good time to short.
Stoploss point and Targets are mentioned on the chart.
If you have any questions, ask in the comments section.
Thanks.
Technical breakout Buy Icicibank above 936
Which is a triple top breakout using P&F charting, the DT is at 943. Hence, a clear signal that the stock should remain above 930 and 936 to enter into a buy for Targets until 951 initially.
The stock has shown a longer term inverse head and shoulder pattern.
A failure to break above 936, the stock may find a reversal.