ICICI Bank Analysis - Continuous, Just as the Markets !

19 Jan 2024

This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

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1-18-2024
GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment.
Immediate support around 975 price area

19 Jan 2024

Nota

Intraday 1s Renko setting. Mostly Sideways at the moment

19 Jan 2024

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Hourly Chart analysis
RED TrapZone is barely starting. with RED UMVD. BARS Are RED too. can be a BEAR/BULL Trap here

19 Jan 2024

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Daily analysis
GAP over GREEN TrapZone closed after RED UMVD for a while that started around the TOP. RED UMV in place at the moment.

22 Jan 2024

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GREEN TrapZone and GREEN UMVD just starting. we can see prices pushing higher. I would keep an eye on GREEN BARS and that UMVD stays GREEN.

23 Jan 2024

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Up Trend with GREEN TrapZone but RED UMVD pulls the prices down.

24 Jan 2024

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Prices surrendered to RED UMVD - I think we have Trapped Buyers again here.

24 Jan 2024

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25 Jan 2024

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Latest - Buyers seems to be coming in but the price is not responding. The RED TrapZone is Intact and price is not travelling above to change its direction

29 Jan 2024

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Hourly Check In - GREEN Coming in after the Divergence at the current bar pushing the prices.

30 Jan 2024

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Latest Intraday

1 Feb 2024

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Latest Intraday

5 Feb 2024

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Side By Side analysis - Very Choppy as the Uptrend is trying to catch some steam. GREEN UMVD On the short term Renko shows Bulls operating.

9 Feb 2024

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Still choppy and sideways action.

16 Feb 2024

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Continues with ZiG Zag and Trapping everyone. In retrace to the downside at the moment.

25 Feb 2024

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Seems like its Breaking Up now. Class A entry was clean and Buyers building the Trend on the Renko.

25 Feb 2024

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6 Mac 2024

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Latest - Great Class B Entries were notes. Short term Profit taking is evident on the Renko UMVD. It may retrace ?

21 Mac 2024

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Hourly Technical Analysis Check In
Definitely strong Trend Up with Angle 8 - Mature though. Look for parabolic climax