ICICI Bank View 19 November
ICICI Bank Daily chart finds a confluence of 2 different bearish pattern. First the pattern is Negative Divergence with Divergence Count 3.This implies that there is potential in this pattern to work and maybe drag prices on the downside. Second is a pretty clean Shooting Star pattern. So essentially, we are looking at two bearing pattern confluences together which can lead to some profit taking. Trigger of fresh selling will come only below yesterday's low of 498.35
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