ICICI;BANK; have over lapped the current pullback with its previous high, which is not a good sign for a BULLISH structure. Infact all stocks which had made fresh high have over lapped in simillar manner which is really an intresting thing.
This certainly have some consiquences but this is not an ideal time to discuss those things.
Anyways on ICICI BANK we are watching level of 949 closely, a break of 949 would signal a VIBRATION PATTERN breakdown which would open up Targets of 901 and 866 on cash in coming weeks.
On TIME front there is a perfect GEOMETRICAL relationship on weekly scale, from the low of 796 to the high of 1008.
So 1008 should be a probable TOP.
Going forward next critical TIME CYCLE dates are 14,aug, 18th, 23rd, 28th,and 29th,august
Watch out.
ICICIBANK view
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