When a stock takes resistance at the same level multiple times, it could indicate the existence of a strong resistance level that may be difficult for the stock to break through. In the case of ICICI Bank, taking resistance at the same level six times is a noteworthy observation, as it suggests that there is a significant selling pressure at that particular level.
Traders and investors may interpret this as a sign that the stock may struggle to break through that level in the future, unless there is a significant shift in market sentiment or a major news event that impacts the stock's price.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.