ICICI BANK - short position
As RSI currently is around 75, we believe that it will have to cool down soon, however we expect that the price will increase a little bit more and will get rejected from the resistance level. After that, we expect that the price will decrease to retest the support.
- entry point: at the resistance level;
- target: at the support level shown in the chart;
- stop loss: above the resistance level (3,12 %).
- entry point: at the resistance level;
- target: at the support level shown in the chart;
- stop loss: above the resistance level (3,12 %).
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