ICICI BANK WEEKLY CHART ANALYSIS

HI PREVIOUSLY I GAVE SHORT IDEA IT WAS SHOWING BEARISH DIVERGENCE BUT SOMETIMES OUR ANALYSIS FAILS NO BIG DEAL NOW THIS IS A WEEKLY CHART AND FOR SURE WE CAN SAY A CHANNEL EXISTS AND IT IS RESPECTING CHANNEL LINE NOW UPPER LINE IS A BIG HURDLE STOCK MUST CLOSE ABOVE IT FOR THE TARGET OF 523.6 BUT AS IT IS A WEEKLY CHART NEXT CANDLE WILL BE FORMED ON 18TH NOVEMBER THEN ONLY WE WILL BE ABLE TO CONFIRM IF UPPER LINE IS BREACHED ON CLOSING BASIS AND WE HAVE TO BE CAUTIOUS IF CURRENT CANDLE TAKES RESISTANCE FROM UPPER LINE AND MIGHT MAKE REJECTION DOJI KIND OF CANDLE GOOD LUCK
NOTE: FOR EDUCATION ONLY TRADE AT YOUR OWN RISK

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504.20 new support

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upper trendline resistance

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those who bought put at highs made good profit but that was very risky

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weekly chart red doji candle :)

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