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ICICI Bank - Triangle pattern at major support

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ICICI BANK (NSE:ICICIBANK)  
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NSE:ICICIBANK   ICICI BANK
Chart Patterns Fundamental Analysis Technical Indicators
5
1
chartpattern fundamental indicator
Stock is trading at major support line as per daily timeframe.
Triangle pattern has formed in 1 hour timeframe.
Long above 364 and Short below 355.

Fundamentals as per Q1 results are positive.
Volume is decreasing as price decreases, it suggest that sellers are weak.
Komen:
Also the price is making higher-highs and higher-lows and showing support at 200EMA.
Komen:
Yesterday price closed above 364.
Due to gap up, over-night position has given a good profit booking today.
Hope this analysis is helping everyone.
Komen:
Watching the Price action of 1 hour candles its better to keep a stoploss at 366 which is 2 points above the purchase price of 364, so that any fall will help to book small profit that cover the transaction charges.
Penafian

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