ICICI BANK Gann setup

ICICI BANK long term Gann Angle setup is considerably week on all fronts.

At the cmp of 321 it stands between 45 and 90 degree Angle. The major support stands at 302.75 at which price get a balance with time. Dramatic fall wont happen until this price is held on spot

Several hurdles on upside as well. If today it closes below 338 then chances of testing 302.75 would increase in next week. Even the long term structure is sell on rise until we get a weekly closing above 358.75 on spot. Till then zone of 339 to 358.75 is supply zone and 302.75 is a major demand zone major move is expected only either side of these Angles

Disclaimer views expressed here are based on Gann Theory still before taking any trading positions consult your Financial Analyst and act act accordingly

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