ICICI Bank forming an ascending triangle pattern on daily charts with resistance at 380. Major resistance as per Fib levels is also at 380.
If ICICI Bank crosses 380 levels with conviction on hourly charts, big upwards move towards 400 levels will be seen wherein the 200 day EMA is placed.
However, if Bank Nifty breaks the trend line and moves downwards - ICICI Bank's immediate support is placed at 340 levels and below that at 300 levels.
The above is for educational purposes only.
If ICICI Bank crosses 380 levels with conviction on hourly charts, big upwards move towards 400 levels will be seen wherein the 200 day EMA is placed.
However, if Bank Nifty breaks the trend line and moves downwards - ICICI Bank's immediate support is placed at 340 levels and below that at 300 levels.
The above is for educational purposes only.
