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ICICIBANK on a 1-hour timeframe
Trend Analysis
Determine Trend Direction: Assess if the stock is in an uptrend, downtrend, or sideways trend by examining the general price direction over the past hour or several hours.
Draw Trendlines: Connect recent highs or lows to visually represent the trend direction. An upward trendline connects consecutive higher lows, while a downward trendline connects consecutive lower highs
Support Levels:
₹1,215
₹1,200
₹1,185
Resistance Levels:
₹1,230
₹1,245
₹1,260
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