If ICICI Bank breaks the neck line of this Head and Shoulder Pattern on the hourly chart by the close of the first hour of todays trading, I anticipate that it will be testing levels of 1250 in the coming week.
Price has been clearly rejected from the Higher time frame pivots and this is an indication of weakness.
Needless to say, Bank Nifty view will also be in sync with ICICI Bank and HDFC Bank.
So positions can be built accordingly.
Price has been clearly rejected from the Higher time frame pivots and this is an indication of weakness.
Needless to say, Bank Nifty view will also be in sync with ICICI Bank and HDFC Bank.
So positions can be built accordingly.
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