Short ICICIFirst 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.
Icicisell
NSE:ICICIBANK Daily Trendline Break 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.