If you observe the last two days Heikin Ashi candles of ICICI Bank, both from hourly or daily candles, you can see that it has hit a classic Heikin Ashi red candle and the only way forward for the share is way down.
Today is Saturday, 16th November 2019
I think ICICI bank has topped in a medium term. There are many things aligning up and all say that ICICIBANK's top is in.
The RSI has resistance, There is a long term trendline acting as a resistance. Also in the shorter term there is resistance as well.
The chart is very clear and speaks for itself.
Open Short position TP 407
Target 394, 380
SL 420 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
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