First there was Bullish Gartley pattern that indicated an upward movement. Now the Bearish AB=CD is indicating a trend reversal and price should be around 730 in about 3 weeks.
In my opinion, a good time to short.
Stoploss point and Targets are mentioned on the chart.
If you have any questions, ask in the comments section.
Thanks.
Ever since NSE:ICICIBANK hit the upper trendline in Upswing, its falling from there.
I see a Swing trade opportunity on SHORT side on ICICI BANK,
with SL at 732 and Target around 712.
NSE:ICICIBANK has broken a daily trendline which extends from mid September to today. There is an slightly less steep trendline that can also be drawn shown in the chart as dotted green line which can act as support but it is unlikely. So I am staying away from longs here. Also to note is that Banknifty is weak.
