๐ 1-Hour Timeframe: Key Levels
๐น Support Levels
Immediate Support: โน1,363.14
Key Support Zones: โน1,352.93, โน1,333.87
๐น Resistance Levels
Immediate Resistance: โน1,367.07
Key Resistance Zones: โน1,385.23, โน1,398.47
These levels are derived from standard pivot point calculations and are commonly used by traders to identify potential reversal points within the trading day.
๐ Technical Indicators (1-Hour Chart)
Relative Strength Index (RSI): 37.26 โ indicates the stock is nearing oversold conditions, suggesting potential for a price rebound.
Moving Average Convergence Divergence (MACD): -16.11 โ a negative value, which may indicate bearish momentum.
Average Directional Index (ADX): 23.81 โ suggests a weak trend, implying indecision in the market.
Stochastic Oscillator: 13.21 โ indicates the stock is oversold, potentially signaling a reversal.
Supertrend Indicator: โน1,398.34 โ indicates a bearish trend.
These indicators collectively suggest a bearish short-term outlook, with potential for a reversal if support levels hold.
๐ Price Levels to Watch
Support Zone: โน1,380โโน1,400
Resistance Zone: โน1,426โโน1,430
Key Levels: โน1,400โโน1,410 (strong support)
๐ Summary
ICICI Bank Ltd. is currently trading near its support levels on the 1-hour chart. The RSI indicates potential oversold conditions, while other indicators suggest a weak bearish trend. Traders should monitor the key support and resistance levels mentioned above for potential breakout or breakdown scenarios.
๐น Support Levels
Immediate Support: โน1,363.14
Key Support Zones: โน1,352.93, โน1,333.87
๐น Resistance Levels
Immediate Resistance: โน1,367.07
Key Resistance Zones: โน1,385.23, โน1,398.47
These levels are derived from standard pivot point calculations and are commonly used by traders to identify potential reversal points within the trading day.
๐ Technical Indicators (1-Hour Chart)
Relative Strength Index (RSI): 37.26 โ indicates the stock is nearing oversold conditions, suggesting potential for a price rebound.
Moving Average Convergence Divergence (MACD): -16.11 โ a negative value, which may indicate bearish momentum.
Average Directional Index (ADX): 23.81 โ suggests a weak trend, implying indecision in the market.
Stochastic Oscillator: 13.21 โ indicates the stock is oversold, potentially signaling a reversal.
Supertrend Indicator: โน1,398.34 โ indicates a bearish trend.
These indicators collectively suggest a bearish short-term outlook, with potential for a reversal if support levels hold.
๐ Price Levels to Watch
Support Zone: โน1,380โโน1,400
Resistance Zone: โน1,426โโน1,430
Key Levels: โน1,400โโน1,410 (strong support)
๐ Summary
ICICI Bank Ltd. is currently trading near its support levels on the 1-hour chart. The RSI indicates potential oversold conditions, while other indicators suggest a weak bearish trend. Traders should monitor the key support and resistance levels mentioned above for potential breakout or breakdown scenarios.
I built a Buy & Sell Signal Indicator with 85% accuracy.
๐ Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
๐ Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
I built a Buy & Sell Signal Indicator with 85% accuracy.
๐ Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
๐ Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.