sSamsameer

ICICI BANK ( Swing Trade)

Panjang
NSE:ICICIBANK   ICICI BANK

Price is currently rejecting from its demand area i.e 950-960 which is aligning with fib retracement levels 0.5 and 0.618 respectively.

The prices is forming inverted H&S pattern and taking support on trendline as well giving some extra confluence to our analysis.

So we can expect some bullish price action in coming trading sessions.If price comfortably breaks and close above 975 ,we can probably see new all time high till 1055. Other targets are mentioned in the charts.

If price fails to break above 975 and slips below 950 then it can further falls till its support ie. 935 or 915.
Penafian

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