ICICI BANK : Ready for Reversal??
5 Steps Analysis of ICICI Bank
1. On Daily TF we can see that stock has respect to trend line.
2. We can see on chart that Dec. 2022 month was down trend for stock then Jan. to March 2023 stock was facing consolidation zone.
3. April Starting of new financial year the whole market on up trend and highly volatile, Among them Banking Sector performing well and still statin the rally.
4. But on this stock upside rally which was stared from April is not Strong for particular stock, price going upside but volume and momentum is not supporting well, once stock has break the trend line then further downside can see in coming days.
5. We can see the short opportunities in this particular stock, currently stock has facing strong resistance at 945 level if stock break the 930 level then further downside we can see at 911 levels in coming week.
1. On Daily TF we can see that stock has respect to trend line.
2. We can see on chart that Dec. 2022 month was down trend for stock then Jan. to March 2023 stock was facing consolidation zone.
3. April Starting of new financial year the whole market on up trend and highly volatile, Among them Banking Sector performing well and still statin the rally.
4. But on this stock upside rally which was stared from April is not Strong for particular stock, price going upside but volume and momentum is not supporting well, once stock has break the trend line then further downside can see in coming days.
5. We can see the short opportunities in this particular stock, currently stock has facing strong resistance at 945 level if stock break the 930 level then further downside we can see at 911 levels in coming week.
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